A historical event in financial markets took place in 2021. It was so big that even books and movies were made about it to explain the nature of the markets when there is a psychological alignment behind a single trend. Some may call bubbles blowing up and bursting; others call the herd mentality inherent in the stock market. Whichever way investors look at it, the same 2021 boom and bust might repeat itself shortly.
Twitter username RoaringKitty is back on the scene, as he was the one responsible for bringing the so-called “meme stocks” into stratospheric highs in 2021. As is his custom, his latest tweet gives subtle indications that now might be the time for shares of GameStop Corp. (NYSE: GME) and even AMC Entertainment Holdings Inc. (NYSE: AMC) to stage off new potential rallies and make those willing to bet on this trend overnight riches.
