FT View: Joe Biden and Donald Trump have been exposed to unrelenting scrutiny. And yet neither will have as lasting an influence on US life as Amy Coney Barrett, who is cruising towards confirmation to the Supreme Court as something of an enigma..
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Thursday, October 15, 2020
Cole Smead, president of Smead Capital Management,
explaining in a CNBC interview on Thursday how "young, dumb"
investors have created a "total nightmare" in the current
climate. "They are buying bullish call options
that expire inside two weeks. There was ($500 billion) of bullish call options
bought in a four-week stretch by small retail traders," Smead said.
"In '99 it was $100 billion, in '07, it was $100 billion."
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