I’m always tempted to bet on meme stocks but the rational me will just stop short of buying as the volatility and lack of fundamental basis is beyond my risk appetite. Meme stocks returns and fades with no reason and I think it is returning again! I’m not so sure about carvana but I will definitely keep an eye out for it!
Growth or Meme Stocks: Would You Choose Them in Bull Market?
After Trump’s election victory, U.S. stocks hit record highs. Many growth stocks, like Applovin, Upstart, and LYFT, saw single-day gains of over 20% after earnings reports.
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Do you think these excess gains indicate meme stock characteristics? Do you believe the current bull market will continue? Would you buy these stocks in a bull market?
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