The current rally is reminiscent of the 2021 GameStop and AMC frenzy, with trading volume surpassing even those highs
Margin debt related to stocks on the New York Stock Exchange is exceeding tech-bubble highs. Photo: Getty
©Bloomberg
The re-emergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of retail traders or take it as the latest warning sign that the frothy markets are due for a pullback.
The speculative stocks caught up in the frenzy this week – like Opendoor Technologies Inc and Kohl’s Corp – gave up some of their gains as the week went on, but most are still trading at their highest levels in months.
source