I had half-hoped to keep these internet-fueled stock shootouts in 2021, but it is looking less and less likely that will occur. In case you have been under a rock for the past two days, the famous Roaring Kitty made a return to the stock market, or at least to Twitter. If you can remember all the way back to 2021, Roaring Kitty turned $50,000 into $50,000,000 through an insane short squeeze on GameStop. Basically, a bunch of Redditors on the Subreddit WallStreetBets (of which I am a member) decided to bid up the price of GameStop through a variety of long options. The price went up several thousand percent along with other blatantly awful companies, AMC, Bed Bath and Beyond, etc.

     Hedge funds had to close out their shorts, and in doing so, increased the price further. Everyone got rich as long as they sold at the right time, and Robinhood infamously shut down trading for GameStop, so shareholders could not get their money out of the stock as long as they used Robinhood, which is ironic because here is an app called Robinhood blatantly helping the rich and hurting the poor. Anyways, Roaring Kitty was the mastermind behind all of this, the one fueling all this speculation. He had to go testify before Congress, which is sort of fun. After 1000x-ing his money, Roaring Kitty (Keith Gill) disappeared from the internet. He shut down his YouTube Channel and didn’t post on his Reddit account, and I assumed, like most people, that he had taken his money and chosen not to look back.

     But on Monday, before markets opened, Keith posted this meme (on-brand for a meme trader) which showed a video game player sitting up in concentration. Ever since then, Keith has been posting a barrage of memes, which all seem to have the same underlying message, that he is back to trade in risky positions with an army of Redditors behind him. GameStop, AMC, and a bunch of those 2021 “Meme-Stocks” have surged upwards, with GameStop capturing a 300% gain that has retreated a bit over the past hours. Nobody knows what position Keith has, if any, but I can tell you that I look forward to this.

     Nothing would make me happier than a hedge fund being viciously short a stock, only for this random dude to post online that he just went long, and that same hedge fund lost practically all of its money as Melvin Capital and Citadel Capital did. It is not that I enjoy people losing money, and therefore, their jobs, just I like the idea of a crusading man, and his army of minions destroying institutional investors. Maybe it’s because I just finished reading Dune (literally two hours ago) that this idea enchants me. But I think this also goes back to my Hindenburg Capital idea. Someone must cull the herd. It keeps hedge funds savvy and makes sure they 100% know they are in the right spot, and that they are not overextending themselves, lest they face a fell swoop from these retail investors. And who knows? Maybe this falls apart immediately, but maybe Keith is Reddits’ Lisan al-Gaib.