The meme trade has been reignited after Roaring Kitty's return to the social media platform X, where he posted a single meme, sending investors into a frenzy. RU-vid Host Matt Kohrs joins Wealth! to discuss his outlook on this meme stock rally.
Kohrs describes this rally as "the resurgence of meme mania," reminiscent of a similar rally that occurred back in 2021. He advises throwing fundamentals "out the window" regarding these stocks because the trading is more of "a social rebellion." He recommends that investors "ride the trend" as long as they can but cautions that if things take a turn, they will "turn violently."
"Ideally, we're all in this to improve our own financial situation," Kohrs tells Yahoo Finance. "So because of that, I wouldn't want anyone listening to this, watching this, to fumble such an amazing opportunity."
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8 июн 2024
