banter and General Discussion, page-115

And you think that is bad Celestial. In the US, the young punters are buying up Chapter 11 companies like Hertz - the stock is technically worthless. Bidding it up x7!

But if thats not bad enough, Hertz won a judgement from a Bankruptcy judge (very liberal application in this context) to sell their worthless stock to these same punters - first time in history!! (and another first for the market). So it appears the judge and the punters are lacking any degree of good common sense as often the case toward the end of a market run and subsequent capitulation.

Who knows if the massive liquidity the FED injected and continues to inject into the markets will be enough to stablise it when all of these hopefuls panic and decide to exit at once. No more buy backs to save the day!