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going to the fed meeting let's talk about what we've lost the groups that are no longer working the ones that need to turn around if we're ever going to get a sustainable rally and out of this miserable period these stocks are former leaders that have been taken out and shot just shot endlessly even as their fundamentals are often in tremendous shape not good not great shape fabulous shape after captivating the market for ages they've become millstones around the necks of investors everywhere and that's how you end up with a situation where you had a day like today kind of a somber day not a day of real interest not a special day dale up 67 points has to be gaining points worth eight percent nasdaq inching up 0.22 and it actually counts as a tremendous session a huge win for the bulls that's where we are now the first group of dethrone leaders let's just rip right throw up the meme stocks the meme stocks i say this because these people stick by me through thick and thin and i love them i i regard myself as the leader of the meme team not all right these were exciting as long as they lasted i mean a little less than a year ago amc entertainment was a 63 stock now it's 15 still a victory versus where to trade at the beginning of the pandemic but unless you got in early this one's crushed you that's what's i was trying to help by telling people maybe at the 60 level wasn't so good but i should have kept my mouth shut the next meme name gamestop powerful backer chairman ryan cohen but the problem here is that the market proceeds that the gaming cycle seems to be winding down availabilities become much easier for all sorts of consoles and most people rather buy their games over the internet i went to the website today to see what the top brands were my website didn't really work yeah i get that anyway throughout the gamestop frenzy the stock had a legitimate prop the new hardware was flying off the shelves and you couldn't play i couldn't find a playstation 5 for love or money but now they're plenty full and that means there's much less reason for anyone to show up at a gamestop remember to those who disliked me for saying this i suggested you go take a classified ad out in a newspaper because jimmy chill is done with your moronic scatological tweets and hopes you never come back from your permanent intellectual vacation the other meme names never had longevity amc gamestop the reddit crew loved that corsair gaming that that got cut in half they tried to run and gun wendy's but it said six right in their threw a bacon in it right in their faces and then it came down to amc in games up they were a two star club with the collapse of robin hood's stock making for i think what's called a fitting coda uh guys enjoy talking to yourselves no one else is ever going to listen then there's housing now we thought we had something goldman this was a leadership group oh i love him right because a lot of stuff goes into housing punches above its weight but the home builder stocks not the companies the stocks have been crushed as mortgage rates have risen to 5.5 percent here's what you need to know well these stocks might look cheap as though they're trading right now four or five times earnings that's most likely because the earnings estimates need to come down perhaps organically housing affordability is the worst it's ever been that's bad they can't like that in the first quarter well let's say you got double-digit price appreciation and 70 percent of the america of the metro markets in america 70.
the median single-family home price has risen nearly 16 year-over-year up to 368 000 according to the national association of realtors
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