In 1929, Joseph Kennedy recognized the end of the market boom when he heard a shoeshine boy giving stock recommendations. Similarly, in 2000, the dot-com bubble burst after extravagant Super Bowl advertising by tech companies. Now, in 2024, the return of Keith Gill to social media is signaling another potential market downturn. Gill, a key player in the 2021 meme stock craze surrounding GameStop, has reappeared with a significant stake in the company. GameStop’s stock price has surged over 40% since his return, and the company has capitalized on the hype by issuing $3 billion in new shares. This resurgence of speculative trading indicates a potential bubble in the market.
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https://www.economist.com/finance-and-economics/2024/06/19/think-nvidia-looks-dear-american-shares-could-get-pricier-still
