Market manias could end in tears

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The fevered trading of the last week shows all the markings of a market mania that historically ends in big losses for small traders, sharp pull-backs by big investors and regulatory investigation

— Our Tyler Pager, Anita Kumar, and Laura Barrón-López: “Biden was eager to meet with Republican senators Monday to discuss Covid relief legislation. But the show of bipartisanship is likely to be just that — a show.

“The iShares Silver Trust ETF, the largest silver-backed ETF, jumped as silver broke above $30 an ounce for the first time since 2013, with retail traders jumping into the metal after betting billions of dollars on stocks last week.

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