Billionaire corporate raider Carl Icahn's conglomerate is allegedly bilking investors with a "Ponzi-like economic structure," according to bombshell allegations from prominent short-seller Hindenburg Research on Monday.

AMC Entertainment ( NYSE:AMC), the erstwhile distressed movie theater chain that has seen a dramatic reversal in fortunes amid a mind-boggling retail-driven stock price rally, continues to inflict crippling damage on its detractors. Against this backdrop, the hedge fund Odey Asset Management has emerged as one of the most prominent casualties in recent times as AMC Entertainment shares maintain their inexorable upward trajectory.

Michael Burry, the hedge fund manager portrayed by Christian Bale in The Big Short, has made a fortune on GameStop's stock after holding it for years. Instead of shorting a stock this time, he played the long game and managed to make an incredible amount of money.

Markets were sent into yet another frenzy of activity today as hundreds of thousands of Robinhood and TD Ameritrade (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks) users woke up to find these brokers were no longer allowing any further trades on GameStop ($GME), as well as other notable 'meme' stocks like AMC ($AMC), BlackBerry ($BB), and Nokia ($NOK) as well as cryptocurrency Dogecoin which also started to take off late last night (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks).

This is one of those stories that's so good that you have to double check it's not parody. The talk of the stock market right now involves GameStop (among other stocks) and a group of Reddit users that decided to play Wall Street's own game against them.

Robinhood trading app crashed today and customers were unable to take profits even before the app's crash. Now, users have taken to social to voice their outrage. Robinhood trading app's latest update appears to have broken the platform, causing significant downtime and blocking customer access to funds.

We warned last week that, despite The Fed's unlimited largesse, there is trouble brewing in the mortgage markets that has an ugly similarity to what sparked the last crisis in 2007. For a sense of the decoupling, here is the spread between Agency MBS (FNMA) and 10Y TSY yields...