I have some quotes in the Los Angeles Times this morning about the current state of fad and meme-related “investing”. Michael Hiltzik’s new column takes a look at what happens when the recreational traders get tired of losing money and recede from the three ring circus…
The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can’t be broken: the law of gravity.
Over the last few weeks and months, almost every financial asset has come hurtling back to Earth after high-altitude flights.
Read it here:
Column: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing (LA Times)