The terms “bull” and “bear” are commonly thrown around in the investing world to describe market conditions. But how should this affect how you trade?
After the Reddit group Wall Street Bets told followers to go long on GameStop (GME), the stock has been rising in a momentum bubble, gaining a massive 1,000% since last year. The shares have gained 245% so far this year and are up a further 28% in U.S. premarket trading Monday. But it is sure to crash imminently.