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Thur, 11 Jun -- Are You Not Entertained!, page-4

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thebarry111

4,632 Posts.

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11/06/20

08:47

Post #: 45150816
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Originally posted by woomp001: ↑

One only needs to look at the Hertz SP to understand how out of hand things are getting...

This is a failed business.. in chapter 11

And in the last week, the SP has doubled.. Driven by new retail bag holders no doubt

Crazy crazy stuff.

I'm certainly not a perma bear.. 90% of my personal assets are tied up in my business, which by its very nature, is a long position on the Australian economy!

But the markets are very very disconnected from the economic realities.

This is a risky time.....

The danger is that markets wake up, and look past the stimulus.

The danger is that the wealthy elite, may have taken this possibly orchestrated opportunity to get out at these levels, and leave all of these new retail investors as the bag holders...

Finally, lest we have forgotten: the world right now, is actually in a serious recession...

It's a time for caution.

Keep drinking for sure, but just make sure that your table is near one of the exits...

All IMO, and DYOR of course

Expand

Great summary.

There seems to be a mentality that if something opens down it should be bought as the market will rally back up that day.

At some stage this is going to open south and keep going.

Might not be today, but at some point there are going to be some expensive lessons learnt.

XJO Value at posting: 6,148.4
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