Were You Invited To The ‘YOLO Feast’?
If someone invited you to a "YOLO feast" and you weren't familiar with pop culture references or the meme stock mania, you'd probably assume you were being asked to attend a religious dinner. After nervously accepting, you'd turn to Google for help: "What do people wear to YOLO feast?"
Silly you. As it turns out, a "YOLO feast" is a multi-trillion dollar stock market "boom" characterized by triple-digit gains in shares of speculative companies and heavy buying of options contracts.
In the old
Gonna have to update this after you check Elon’s twitter lol
For sure. A 10% sell off by musk is SPY moving news. Seems he’s graduated from messing with Bitcoin to the big leagues.
Us humans are weird. Trust on steroids.
I do not know what to trust investing in, but trading in this frothy casino would take undivided attention
One of the reasons I subscribe is to learn what other well-informed people are thinking/doing. Based on some of the anecdotal evidence shared above, it’s starting to seem like the formerly uncrowded side of the boat is getting pretty crowded. One should always be careful about making predictions; that said, I wouldn’t be surprised if we see the highs for the year in the major indices and stocks like TSLA and NVDA in the next week or two.
That story must be apocryphal–16 year olds don’t group text, as far as I know. Snapchat or Discord, yes–but SMS is for boomers.
“Tesla is up 200% since then”
I may be a neophyte on this terminology, but if a stock is up 100% then I interpret it has doubled. And if a stock is up 200% then I interpret it has tripled? Has Tesla tripled since the end or even the beginning of summer 2021?
“On September 10, 2020″…
Ah, got it now…
I think some of the funniest jokes in this article might go unappreciated. Like this one: “According to the world’s foremost authority on Chris Weston, Chris Weston, …”
That his name is there twice isn’t a typo.
Did you just explain your own joke? Smdh 😉
I had to google (v.) YOLO and Chris Weston, Chris Weston.
At least for the past few years, all I have needed to know was SPY and QQQ.
I’m getting lazy- I wasn’t too bad at picking individual stocks. Now, why bother?
Indeed. Burton Malkiel’s ground-breaking research from fifty years ago said stock prices are a random walk and that the market is sufficiently efficient to prevent anyone from earning excess returns (often referred to as alpha) over any intermediate to long term period. So my picks are likely to end up with the same returns as yours if you build a portfolio of 30-40 stocks.
Of course Musk would sell into the rally.
Why wouldn’t he?
He has sold into prior Tesla rallies several times now.