To add to this, I've followed a football betting/analysis website for a while called Walterfootball.com (warning: website layout is awful).
Earlier this year, the guy started posting stock picks. These picks (mainly GME) went swimmingly at first, but I think it's helpful to see what's currently happening: https://walterfootball.com/stocks.php
From what I can tell, folks out there continue to pile into companies with unrealistic valuations. This combined with the general weakness in FANG stocks (they make up like 20% of the market cap of the indices) could drag things down a bit further.
Granted, I'm not immune from the hype (I've been nuked on LEAF so far lol)
To be clear, I'm not expecting a nuclear meltdown like Wade...
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