Post #288 by ajm101 on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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I don't know of a good place to put this otherwise, but I am tired to death from two fronts about GME and AMC, the "Return of Roaring Kitty", and the "apes".

It plainly defrauding unsophisticated investors who can now access the market in very small increments via apps. A former executive officer's social media site / SPAC merger even urged meme stock tactics.

I've come to feel they should be delisted or trading frozen for very long periods. They aren't really stocks any more. I'm not sure what I'd call them, but the SEC should be protecting investors from them and it should be harder to buy them.

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