That doesn't mean totally ditching the high-risk stocks that have done well and are poised to continue to do well, if the Fed is right and inflation is just transitory, said Toews, as he advises covering both sides of the bet.
The man credited with igniting the 2021 meme stock rally has posted his first social media message in nearly three years.
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The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and has sent prices of some of those stocks surging at the opening bell Monday. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. GameStop was a video game retailer that in 2021 was struggling as consumers switched rapidly from discs to digital downloads.
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(Reuters) -Shares of videogame retailer GameStop jumped 50% on Monday after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days. Gill on Sunday posted a sketch of a man leaning forward in a chair, a popular meme among gamers that indicates things are getting serious.
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