2 Ultra-Popular Stocks That May Be Worthless
With little doubt, 2020 is going to be a year to remember for investors.
For some, it'll be remembered for the quickest descent into bear market territory in history, as well as the fastest 30%-plus decline ever. Others might recall the gangbusters rally that resulted in the S&P 500 regaining the vast majority of its losses in the subsequent 11-week period following the March 23 lows. And yet, for other investors, it might just remembered for the multiple triple-digit percentage rallies in really awful companies.
For those of you who, like myself, take a gander at the biggest daily movers, you've probably noticed the overwhelming pops and outperformance tied to microcaps of late. Pretty much any company with a reasonably low market cap and thin volume has been taken on a wild ride by short-term investors of late.
Source Fool.com
