The meme stock WallStreetBets reddit crowd is back in action. This time, OpenDoor Tech $OPEN has caught their attention.
Recall that meme stock mania first started back in Jan 2021 during COVID when the same peeps were squeezing the shorts in GameStop $GME.
This time around, markets are again pushing all-time highs including S&P 500, Nasdaq, DJIA, Singapore’s STI, Japan’s Nikkei 225, and probably many other markets.
The Fear & Greed index is close to Extreme Greed.
So the question I always have when markets are euphoric and breaking all-time highs is: Should I pump more money in to ride the momentum or pull money out in anticipation of a pullback?
Keeping in mind the last time I wrote about markets hitting all-time highs back in Sep 2024 here, markets continued to power on higher. That was when S&P 500 was at 5,626
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