This is wild.
A basket of 90 internet stocks now trading at 160x earnings!
We all know how this ends…. pic.twitter.com/A8rTKpKzvs
— Otavio (Tavi) Costa (@TaviCosta) June 26, 2020
What recovery?
The next four quarters' earnings estimates are rebounding like a lead balloon.
The stock market is running on fumes. pic.twitter.com/gBJRyf9QAV
— Kevin C. Smith, CFA (@crescatkevin) June 26, 2020
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