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Retail Investor Mania Fizzles In Unforgiving 2022
Remember the retail investor mania?
For a few months in early 2021, Reddit residents and gamers-turned Robinhood addicts pretended they'd usurped Wall Street and conquered the buy-side. The meme stock frenzy is remembered primarily for GameStop's historic squeeze, but it should be viewed in the wider context of a sudden realization among scores of newly-minted day-traders that it was possible to bend reality through collective action.
GameStop garnered the headlines, but the more remarkable (a
In other news, GME closed up over 29% higher today.
Yes, I know. That’s one of the reasons I ran this article tonight. It’s “evergreen,” but it seemed topical.