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The Meme Stocks Are All Skewed Up
The rally on Wall Street, which looked poised for a breather on Tuesday, may or may not be a speculative bubble in aggregate, but with Bitcoin kissing the sky again, it's hard to refute sundry "froth" characterizations.
To be sure, there are rational arguments for why 2024's melt-up may not be completely irrational. Goldman's David Kostin and BofA's Savita Subramanian both suggested in recent days that bubble talk's overblown (there's a joke there).
But as Nomura's Charlie McElligott wrote Tu
Before I saw this article, I went to check out the WSB threads first time in ages. While I don’t dally in that space, personally going there at all with morbid curiosity is an indicator itself…