Resurgence of Meme Stock Activity and Its Link to the Housing Market
By
throw0101c
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article discusses the resurgence of 2021-like meme stock activity and the simultaneous record holdings in money market funds, drawing parallels to the GameStop short squeeze phenomenon. It also touches on how the broken housing market is influencing risk-taking behavior among investors.
Key quotes
· 3 pulledIt’s like a bunch of mini GameStop short squeezes all over again.
And if we look at the non-profitable tech retail investor
For context, both of these things are true.
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