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Reddit-Fueled Market Frenzy: GameStop Volatile While Silver Surges, Who’s Jumping On The SPAC Bandwagon, And A New Trading Month

Reddit-Fueled Market Frenzy: GameStop Volatile While Silver Surges, Who’s Jumping On The SPAC Bandwagon, And A New Trading Month

Carl Quintanilla, Jim Cramer and David Faber led off the first show of February with the latest on GameStop’s wild ride and the short squeeze sparked by Reddit users, who are now fueling a rally in silver, silver stocks and ETFs. This comes as Robinhood continues trading limits and cuts down its list of restricted stocks. The anchors reacted to Goldman Sachs comparing this short squeeze to those over the past 25 years, as well as Senator Elizabeth Warren saying the GameStop frenzy shows that Wall Street is “a rigged game." Also in focus: What to expect from stocks this month -- plus new SPAC deals, including Tilman Fertitta taking Landry's and Golden Nugget public.

Squawk on the Street

February 1, 202144m 6s

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Show Notes

Carl Quintanilla, Jim Cramer and David Faber led off the first show of February with the latest on GameStop’s wild ride and the short squeeze sparked by Reddit users, who are now fueling a rally in silver, silver stocks and ETFs. This comes as Robinhood continues trading limits and cuts down its list of restricted stocks. The anchors reacted to Goldman Sachs comparing this short squeeze to those over the past 25 years, as well as Senator Elizabeth Warren saying the GameStop frenzy shows that Wall Street is “a rigged game." Also in focus: What to expect from stocks this month -- plus new SPAC deals, including Tilman Fertitta taking Landry's and Golden Nugget public. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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