Meme Stocks on Brink of Bear Market as Retail Frenzy Fades
- Newegg Commerce, Clover and other Reddit favorites plunge
- Influencer Portnoy vents that market is ‘godforesaken game’
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It may be time to break out the “Crying Jordan” meme.
A basket of retail traders’ favorite stocks is tumbling close to a bear-market plunge of 20% as investors shun the most speculative equities for safer bets.