14May10:53 amEST
Where's My Cheeseballs?
Right now, very few people want to hear that MasterCard and Visa are displaying relative weakness this morning, or that silver and the precious miners are acting well, alongside copper.
No, this market right now conjures up twenty-year old memories of the (original, pre-"Situation") Jersey Shore MTV show starring Tommy Cheeseballs, stomping around the boardwalk looking for his cheeseballs.
In this case, "Cheeseballs" would mean the next monster meme stock squeeze to join AMC GME, even SPWR. Names like BYND LMND RDDT seem logical, but then again this is as an irrational market as you may ever see, especially given the hot PPI print this morning.