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From Bitcoin to GameStop to SPACs: 8 Tips for Mania Investing

Getty Images Market speculation is seemingly everywhere.  From new SPACs being issued, to the prevalence of Reddit stocks such as GameStop to the popularity of electric vehicle stocks and the rise of cryptocurrency – speculation is alive and well in the markets today.  “Mania” is a good word to describe the energy surrounding these types of investments.  Dramatic daily swings are the new normal in these holdings.  Hollywood elites and business moguls are attaching their names to crypto and the latest SPAC investments.  The top mania investment areas are electric vehicles, cryptocurrency, Reddit stocks, space, SPACs, precious metals and pot stocks.  The dictionary definition of mania describes “excessive or unreasonable enthusiasm.”  That seems about right.  The result has been a meteoric rise in value not tied to business fundamentals but tied to hype, expectations or projections. 

Michigan lawmaker acknowledges drinking problem after arrest

Michigan lawmaker acknowledges drinking problem after arrest Lansing Michigan state Rep. Bryan Posthumus was arrested Friday on suspicion of operating a vehicle while intoxicated after he drove his Jeep off the road, according to a statement issued on his behalf. A first-term lawmaker from west Michigan, Posthumus, R-Cannon Township, was taken to the hospital to be evaluated for possible injuries. His blood alcohol level at the Kent County Correctional Facility before going to the hospital was 0.13%, according to the statement released Saturday. Under Michigan law, the legal limit is 0.08%. It is clear to me that I have a drinking problem, and I need help, Posthumus said. I am going to immediately begin attending Alcoholics Anonymous meetings and make AA (Alcoholics Anonymous) an important part of my life. I am grateful that no one else was injured because of my mistake.

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