“Even markets can be irrational,” Sen. Kevin Cramer said on this episode of Plain Talk.
He was talking about activist investing which has ballooned stock prices for companies such as video game retailer GameStop and movie theater chain AMC, hitting bear investors who had placed bets on those prices declining right in the pocketbooks.
What should be done about it? Nothing, says Cramer. At least not right now. He says he’s waiting to see how things play out.
Cramer also spoke about the impending impeachment trial for former President Donald Trump. The senator has already cast a vote in favor of a motion declaring the trial unconstitutional but says he won’t make up his mind on whether to vote guilty until after he sees the evidence.