GameStop short squeeze is 'scary,' says Douglas C. Lane's Sarat Sethi
GameStop shares were up another 70% in the premarket Wednesday but off their highs of the day after CNBC learned Melvin Capital, the hedge fund targeted by the retail investing crowd on Reddit had sold out of its short position. Sarat Sethi, managing partner at Douglas C. Lane, joined "Squawk Box" on Wednesday to discuss.
UP NEXT
NOW PLAYING: Money
GameStop short squeeze is 'scary,' says Douglas C. Lane's Sarat Sethi
CNBC
UP NEXT
-
GAP has a good game plan for the future, moving Old Navy and Athleta online, says Dana Telsey
CNBC
-
CoStar Group walks away from $6.9B bid for Corelogic
-
Fmr. Goldman Sachs CFO Marty Chavez says the future of fintech is banks
-
CNBC Evolve: Innovating energy with Occidental CEO Vicki Hollub
-
Equity investors are grappling with inflation and the bond market, says Fundstrat's Tom Lee
-
CNBC Evolve: Innovating Energy with Fmr. Secretary of State & U.S. Climate Envoy John Kerry
-
Mohamed El-Erian discusses what's driving the market sell-off
-
Rates are going up because the market is broadening, says Stephanie Link
-
Closing the board seat gender gap
-
Nuveen's Brian Nick says he's still a big believer in the recovery
-
Kroger CEO Rodney McMullen on earnings, consumer spending and store closures
-
Fed won't step in on bond yields until it reaches wider credit spreads: Rosenberg
-
Market may be losing 'bit of confidence' in Fed: strategist
Reuters
-
Why chip stocks are getting slammed amid the sell-off
-
Interest in media stocks is 'height of market irrationality,' says Variety Intelligence Platform pres.
-
Van Eck CEO on new ETF that tracks social media sentiment
-
CBO: Debt will be twice the size of GDP in 2051
-
Opportunity in some 'beaten up' stocks, says portfolio manager
-
New Jersey Gov. Phil Murphy on the state's vaccine rollout
-
Fed officials not close to acting on long end yields
-
Fed's going to have to sound 'less dovish to get control of bond market': Peter Boockvar
-
What to know about the Arizona app bill Google and Apple are fighting
![image beacon](https://web.vortex.data.msn.com/collect/v1/t.gif?name=%27Ms.Webi.PageView%27&ver=%272.1%27&appId=%27JS%3AMSN%27&ext-app-env=%27prod%27&ext-javascript-libver=%274.0.0-beta-10%27&ext-user-localId=%27t%3A2B5E064C3063640D031B09BC31D165F2%27&*baseType=%27Ms.Content.PageView%27&*isJs=False&*title=%27%27&*isLoggedIn=False&*isManual=True&*serverImpressionGuid=%2750943e9a-60f5-4fcb-b9c1-91bcdda77393%27&-ver=%271.0%27&-impressionGuid=%2750943e9a-60f5-4fcb-b9c1-91bcdda77393%27&-pageName=%27channelplayerpage%27&-uri=%27https%253A%252F%252Fwww.msn.com%252Fen-ca%252Fvideo%252Fmoney%252Fgamestop-short-squeeze-is-scary-says-douglas-c-lanes-sarat-sethi%252Fvi-BB1d8Q01%27&-referrerUri=%27%27&-pageTags=%27{"pg.t"%3A"video"%2C"pg.p"%3A"prime"%2C"pg.c"%3A""%2C"ex"%3A""%2C"rid"%3A"50943e9a60f54fcbb9c191bcdda77393"%2C"clid"%3A"2B5E064C3063640D031B09BC31D165F2"%2C"clidType"%3A"muid"%2C"di"%3A"15711"%2C"partner"%3A"CNBC"%2C"publcat"%3A"CNBC%2BLLC"%2C"cvs"%3A"Browser"%2C"subcvs"%3A"video"%2C"entityId"%3A"BB1d8Q01"%2C"entitySrc"%3A"vi"%2C"provid"%3A"AAnPvW"%2C"dpt"%3A"finance"%2C"sdpt"%3A""%2C"ar"%3A"0"%2C"dgk"%3A"downlevel.pc"%2C"imd"%3A"0"%2C"parentId"%3A""%2C"pgIdx"%3A""%2C"pgTot"%3A""%2C"anoncknm"%3A""%2C"afd"%3A""%2C"issso"%3A"0"%2C"aadState"%3A"0"}%27&-behavior=0&-market=%27en-ca%27){kind=small}