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By Julien B. Booth

July 14, 2021

I hope this note finds you well.  Occasionally something comes along that perfectly captures the relative tone of financial markets.

The following picture is not a joke (this event is real), but it perfectly captures the outright silliness in the present environment.

Net, net Meme stocks are cultural phenomenon that perfectly capture a world absent of much common sense, or care for one’s $ resources.

Most Meme stocks are businesses with a foot in the grave, but a Reddit following (message boards) that can ally to create dramatic price movements.

Like Old Yeller, the Meme stocks also have a less than happy ending.

This behavior is the antithesis of what we believe is prudent investing.



Chief Investment Officer – Fixed Income & Real Assets

BRC Wealth Management