It's Past Time for These Meme Stocks to Fade Out

With the pandemic boom fading fast in the rear-view mirror, given the macroeconomic and market conditions, it could be wise for existing investors to jettison fundamentally weak meme stocks GameStop Corp. (GME), AMC Entertainment Holdings Inc. (AMC), and BlackBerry Limited (BB).

A 1994 quote by the Oracle of Omaha, Warren Buffett, may have summed up 2022 for all of us, “You don’t find out who’s been swimming naked until the tide goes out.”