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Speculation, the Sequel

Speculation, the Sequel Stocks quotes in this article: QQQ, AMC One week ago today I wrote right here in these pages about how we had pretty much wrung most of the speculation out of the market. I considered it a positive. It wasn t only the speculation, it was also that so many had seemingly turned so negative on growth and tech stocks. Folks seemed to have a laundry list of why they didn t like those stocks anymore. Well, in that week the Invesco (QQQ) have rallied about 6% and the SOX has rallied about 9%. All those beaten down tech stocks have started to come to life this week. Then, on Wednesday the speculative meme stocks decided to emerge from hibernation. No sooner did the speculation leave than it has returned, albeit not (yet) to the extent we saw it in January.

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