Chanos says retail investors may be left holding the bag

CNBC/Yun LI

Repost from 8-11-2021

graphic image of people joining hands to cross ravine what happens when the last man steps off?

USAGOLD note: Isn’t that usually the case? When the retail trade is all in, generally speaking, that’s about the time the party’s over. As Chanos points out, the promoters and insiders cash out and the small private investor buys. He sees the danger as particularly high at this juncture, makes reference to a “trading frenzy” and “wild animal spirits.”

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