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exactly meme stocks are just a segment of a market, more riskier one of course, but still a part of the market if you were looking at DOW or S&500 for past co
by ushakov 4y ago
exactly
meme stocks are just a segment of a market, more riskier one of course, but still a part of the market
if you were looking at DOW or S&500 for past couple months it’s nothing but losses
- twblalock 4y ago> if you were looking at DOW or S&500 for past couple days it’s nothing but losses So? The article is about the past 2 years, not the past 2 days. You could pick any short time period in the past few years that would make meme investors look good compared to the total market. But if you zoom out to a two year period, it's clear the meme investors underperformed.
- filoleg 4y ago> But if you zoom out to a two year period, it's clear the meme investors underperformed. TSLA is still up from 2 years ago by ~380% (May 8th 2020 - May 9th 2022). I know that exceptions tend to prove the rule, but here is at least one just off the top of my head.
- nr2x 4y agoTSLA isn’t totally a meme thing though. Say what you will, but Tesla has a better future than Game Stop.
- filoleg 4y agoOh, totally agreed. Sorry, i guess i misunderstood what being a meme stock meant. I assumed it was being really volatile on a semi-regular basis and being very hyped on WSB, all while being prominently hated and loved by all sides at the sime and featured heavily in the media. If we are talking pure meme stocks without much substance (but much of cultism), GME definitely takes the cake, TSLA is indeed not even close.
- nr2x 4y agoHa, it’s not exactly a scientific definition, I think Tesla is a bit meme-y, just not 100% meme-y.