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Wall Street Bets: Making Waves or Creating Bubbles
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The markets are running ramped with young money-hungry investors & traders who don't have time to learn market fundamentals or even technicals and are riding euphoric waves. A Reddit blog called Wall Street Bets (WSB) is where over 1.8 million self-proclaimed 'degenerates' come to find the hottest stocks and option plays.
This is a big portion of the fresh money coming into the markets from retail investors, and it's going right into speculative plays. I'd just call it gambling.
It's interesting that these 'traders' don't care at all about the stock's valuation. They buy calls with no other catalyst than someone on this blog telling them to do so, and the funny thing is that it works more often than you would think. You just don't want to be left holding the bag at the peak.
GameStop (GME - Free Report) just added 3 new board members on Wednesday, and the WSB's 'degenerates' (along with an institutional short-squeeze) drove the stock up 60% (100% at one point) because they have been waiting for any hint of bullish news about GME to catalyze a buy.
The new generation of investors and their trading strategies is reminiscent of the dot-com bubble, where blogs and chat rooms about stocks popped up left and right. The markets are euphoric right now, and I would be careful with any new positions, especially in the tech sector.
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Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration. Download Marijuana Moneymakers FREE >>
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Wall Street Bets: Making Waves or Creating Bubbles
The markets are running ramped with young money-hungry investors & traders who don't have time to learn market fundamentals or even technicals and are riding euphoric waves. A Reddit blog called Wall Street Bets (WSB) is where over 1.8 million self-proclaimed 'degenerates' come to find the hottest stocks and option plays.
This is a big portion of the fresh money coming into the markets from retail investors, and it's going right into speculative plays. I'd just call it gambling.
It's interesting that these 'traders' don't care at all about the stock's valuation. They buy calls with no other catalyst than someone on this blog telling them to do so, and the funny thing is that it works more often than you would think. You just don't want to be left holding the bag at the peak.
GameStop (GME - Free Report) just added 3 new board members on Wednesday, and the WSB's 'degenerates' (along with an institutional short-squeeze) drove the stock up 60% (100% at one point) because they have been waiting for any hint of bullish news about GME to catalyze a buy.
The new generation of investors and their trading strategies is reminiscent of the dot-com bubble, where blogs and chat rooms about stocks popped up left and right. The markets are euphoric right now, and I would be careful with any new positions, especially in the tech sector.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>