Jim Chanos Says He’s Worried About Retail Traders in Current Rout
(Bloomberg) — Retail traders on platforms including Robinhood are reminiscent of the day traders of 1999 and 2000 — and “it’s a little bit frightening,” short-seller Jim Chanos said.
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“The amount of cognitive dissonance that I see in the retail investment community, and I know it’s only somewhat representative, it’s pretty broad,” Chanos, founder of Kynikos Associates, said in an interview Monday on CNBC.
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