

Financial analysts were sounding the alarm in October. On October 7, Bloomberg ran an influential article about the circular deals:
That built on earlier reporting where they described the deals as circular, as the deals were being announced. Each of these reports notes the financial analysts at different investment firms sounding the alarm.
From there, a robust discussion happened all over the financial press about whether these circular deals were truly unstable. By the time Gamers Nexus ran that video the financial press was already kinda getting sick of the story.
Whatever the hell these trading algorithms were doing on November 20, they definitely weren’t ahead of the curve on investor knowledge and belief.


More along the lines of a “pizza finder” service that scours different menus and shows the pizza options at a bunch of places, whether those places exclusively offer pizza, specialize in pizza with some other options, or just offer pizza as one of several options. It would be perfectly reasonable for such a service to only return results related to pizza, without any implicit suggestion that each place it returns only has pizza available.