MANIACAL MEMES

In what can only be described as insanity, meme stocks such as GameStop, AMC, Blackberry, and Beyond Meat, are once again making headlines with their sudden rapid price appreciation. Monday, GameStop rose 74%, and AMC 78%. Since 5/1/24, GameStop is up a stunning 175%. This is probably a short squeeze as meme stock market fundamentals rarely change this fast. I’m watching from a distance but simultaneously recalling the 2021 carnage.