China News Service, February 1, According to foreign media reports, the US stock market has experienced a crazy week recently.
On January 31, local time, the iconic statue "Wall Street Copper Bull" in Manhattan, New York, was wrapped in cloth. US media said it should be to prevent people from destroying it.
The report said that although the official did not provide an explanation, the reason why the "Wall Street copper bull" was covered by cloth may be related to the "century air-squeeze war" between American retail investors and Wall Street shorts.
Many people have recently protested near the "Wall Street Copper Bull".
On January 31, local time, the "Wall Street Copper Bull" was covered by cloth.
Image source: Screenshot of American media TMZ social media account.
According to reports, recently, the stock of an American game product retailer named "Game Station" suddenly soared, rising by more than 100%, and growing for many days.
This surge is the result of a group initiative organized by users of the American online forum "Red Di" to counter the short-selling of "Game Station" stocks by financial companies.
On January 28, local time, Robinhood, a US online brokerage platform, suddenly imposed restrictions on retail investors’ transactions. At the same time, Wall Street institutions’ transactions were almost unaffected.
"Retail stocks" such as Game Station (GME), AMC Cinemas (AMC) and Nokia (NOK) fell sharply, causing public dissatisfaction.