Holy cow, if this brainless idiot represents former pit traders then one can only imagine how wide the spreads must have been back then. What a tool. Brings shame to all homo sapiens.
We are basically at the point that all US Media is unwatchable in any form and any outlet. I basically watch Al Jazeera to understand what is going on in my own country. Everyone actually in the country just puts out bullshit like this to try to make the headlines of a metaphorical National Enquirer because otherwise no one will care what you have to say. Any counter argument that we have democratized manipulation and corruption so this is all ok is obviously bullshit.
They love to talk about the few traders who lucked out and made monies on GME and AMC. Majority of the traders on GME and AMC will lose monies. A huge number were whining not getting their shares near the top mind you. That shows the sheer stupidity of these new traders. They are so hooked up on being overnight millionaires and believe all the hype. When the data comes out and the dust has settled, and it will, I expect most of the retail traders to have lost huge sums of monies and hedge funds to have pocketed most of the hundreds of millions in profits. Steven Cohen lost some monies but, the guy is a billionaire making like $1 billion yearly off his trading the stockmarket. Probably, recouped some of his losses or made monies on the 50% plunge the very next day. He will be fine. Hacks asked him if it will affect the payroll of the New York Mets. He said, why should it? It is two different things. Some people are just dumb.
Wow... so I am not the only one watching Al Jazeera as it is more objective that most North American media.