Skip to content
Subscriber Only
John Authers

Bonfire of the Shorts Is a Precedent-Busting Black Swan

GameStop was just the most public manifestation of a trend that is a radical departure from market norms.

Nothing to see? Hardly.

Nothing to see? Hardly.

Photographer: GABRIEL BOUYS/AFP/Getty Images

To get John Authers' newsletter delivered directly to your inbox, sign up here.

Now that the GameStop Corp. saga is showing signs of receding into history, narratives are beginning to become fixed in people’s minds. One of the most prevalent is: “’Twas ever thus. Such things happen in markets, and they always have. Nothing to see here, and certainly no justification for regulators to get involved.”