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Many of the estimated 20 million amateurs who started trading in the past two years - whether bored sports bettors or meme-stock aficionados who piled into GameStop - have tapped the brakes, or scrambled to shuffle their portfolios into more defensive positions.
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The mood has even cooled on Reddit forums like WallStreetBets. In the heat of the rising market, invincible traders congregated there to joke that stocks only went up. But the irrational exuberance has given way to darker humor: One recent post included an image of the grim reaper slaying low interest rates and stock market bulls.
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More posts by Gareth Jones
