The bigger question is whether this bull market is now ready to resume? Or is more churning, sector rotation and further sentiment adjustment still necessary?
Actually the Russell3000 Index just hit New All-time Highs as well. This index represents approximately 98% of all investable assets in the U.S. Equities market.
Here it is breaking records before your very eyes:
I mean, it's right there in the name. This company makes no bones about what they do. And I'm into it. Especially when I'm looking for a leveraged play into the metals sector for a potentially big move.
Buying here might not be for the feignt of heart, but if you love gap-no-go patterns with a long time horizon to play out, this might be the golden ticket.
GameStop and a number of speculative meme stocks have rallied in tremendous fashion this week. At the same time, we've yet to see this activity catch on in the crypto space.
I think as animal spirits reignite in this speculative securities, we'll eventually see a natural rotation that will bid higher a variety of meme coins in the crypto space.
Today's letter is a look at a variety of individual names and how I'm seeing this entire dynamic through the lens of the crypto asset class.
It appears that “Meme Stock Mania” is back. Or we’re at least having an echo moment.
Cool. I’m all for it!
Whatever leads more sheep to slaughter, the better for those people who trade with plans and logic. People like you and me.
If we learned anything from the last go-’round, remember that it’s very hard to control our risks in these mania stocks – especially when we have to deal with trading halts that may or may not resolve in the direction we desire.
Fortunately, options traders have a unique and specific advantage over...