The VW short squeeze. Ouch!
Lots of shorts got crushed yesterday. It was one of the greatest short squeezes of all time.
Billions of dollars were lost by hedge funds. Hard to believe that VW was, for a brief moment, worth more than XOM yesterday
The shorts were right on the valuation of VW, but the market can be irrational at times. Short squeezes can be killers.
Yep, I was reading about this on Monday/Tuesday and couldn't believe it either...pretty crazy.