Wall Street Casino Is Open for Business as Meme Stocks Take Over
-- The stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.Trump Vows ‘Day One’ Executive Order Targeting Offshore Wind. Biden Accuses China of ‘Cheating’ on Trade, Imposes New Tariffs. Macron Puts French Banks in Play With Plan to Transform Europe. Flood of China Used Cooking Oil Spurs Call to Hike US Levies. Five Under-the-Radar Billionaires Making Vast Fortunes inModi's India. The mania, which has spread to many of Wall Street’s most hated stocks, has shades of 2021’s meme stock craze, when cooped-up individual investors railed against short-selling hedge funds on forums like Reddit Inc.’s WallStreetBets and the chatroom StockTwits. But that was three years ago. Wall Street has since gotten privy to how these “Reddit Raiders” operate and created a blueprint to profit.Read more: GameStop Stock Surge Is a Long Way From 2021’s Meme-Stock Frenzy