Stocks are at all-time highs and retail traders are flooding into low-priced shares, with companies like Opendoor Technologies Inc. and Kohl’s Corp. being the current "meme stock" favorites. Some experts are worried about irrational exuberance creating a bubble that's destined to pop as "dumb money" floods back into risky companies with little to no profitability.
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Meme stock fever is spreading like it’s 2021
“I’ve been seeing signs of a ‘flight to crap’ recently,” said Steve Sosnick, chief strategist at Interactive Brokers. “The recent rally, which was largely powered in its initial phase by individual investors buying large cap stocks and major indices, has emboldened many to engage in more risky types of investing.”
