Meme stocks are having a resurgence – markets must hope it is short-lived
Investors everywhere cannot afford to lose sight of stock fundamentals
In ‘The Decline and Fall of the Roman Empire’, Edward Gibbon wrote: “The books of history were interesting to few, and entertaining to none: their value was connected with their present use and they sunk forever as soon as that use was superseded by fashion, superior merit or some public authority.”
So it was that another marketplace, built on its own share of dead empires and investors, witnessed the same. In the course of slightly over a week, the meme stocks came roaring back based on a few tweets by Roaring Kitty – only to fall again.
