The long and short of bubbles. A conversation with Owen Lamont on Gamestop and other matters. See my last post for background and great papers by Owen. A direct link in case the above embed doesn't work.
Owen views the current situation more as a classic short squeeze than a replay of 3com/Palm and similar affairs in 1999. These are established companies with short markets, and there is little technological news about them. We talk a bit about bubbles in general, short sales, supply responses, the puzzling lack of liquidity -- people willing and able to take the other side of crazy stuff, and the state of the market today.
The review of "Famous First Bubbles" that Owen mentioned is here.
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