With a group of former JP Morgan precious metals traders currently on criminal trial in front of a federal jury in Chicago, accused of engaging in a racketeering conspiracy involving precious metals price manipulation, commodities fraud and trade spoofing, while another group of their colleagues have already pleaded guilty, now

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).

Editor's note: Find the latest COVID-19 news and guidance in Medscape's Coronavirus Resource Center. Federal law enforcement officials have issued an eight-count indictment against a doctor they say illegally imported and sold hydroxychloroquine (HCQ) as a curative for COVID-19.

One of the most poignant (and painful to some) lessons of the past decade - especially to contrarian, bearish investors such as Odey and Horseman - is that the Fed can keep print money far longer than any short can remain solvent.