Carson Block

Summary List Placement
Carson Block doubts retail investors can execute another GameStop-level short squeeze.
The Muddy Waters boss warned that many recent SPACs are worth nothing.
Here are Block’s 10 best quotes from a recent interview.

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Short-seller Carson Block argued in a recent RealVision interview that retail investors would struggle to pull off another GameStop-style short squeeze, dismissed many recent SPACs are worthless, and suggested Archegos Capital was managing a $150 billion-plus portfolio before it blew up.

The Muddy Waters boss also defended short-sellers, warned that many investors won’t be sufficiently hedged when the market crashes, and cheered day traders for making it easier to establish short positions.

Here are Block’s 10 best quotes from the interview, lightly edited and condensed for clarity:

1. “We suspect Archegos’ trading book had originally been $150 billion to $200 billion. We think there’s still a decent amount of positions to work through.” — Block’s estimate is several times bigger than has been reported.

2. “GameStop was a democratization of this tactic of creating squeezes.”

3. “When playing squeezes becomes a real strategy that’s happening on a widespread basis, it’s just another symptom that the markets are not healthy. They’re not performing their …read more

Source:: Businessinsider – Finance


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