8 out of 11 sectors are at record valuations.
Unparalleled to anything we’ve seen in the last 30+ years.
The boom and bust cycle isn’t over. pic.twitter.com/jp83TunwlI
— Otavio (Tavi) Costa (@TaviCosta) January 23, 2020
Boeing. Everyone wants to buy the dip, but it’s still trading near its highest EV to sales ever. It could be the Enron scandal of our day. Or it could just be good ole Boeing that gets crushed in every business cycle downturn. Either way, $BA does not look like a buy. pic.twitter.com/tgwJo9AmSQ
— Kevin C. Smith, CFA (@crescatkevin) January 21, 2020
— Kevin C. Smith, CFA (@crescatkevin) January 24, 2020
Sunday very early morning interesting snippet:
Moody's, the rating agency has risen 1545% since the 2009 low, trades with a tech-like 34 P/E and has a $50bn market cap (WTAF?!)
This, my friends, is the poster child of the largest debt orgy in history. pic.twitter.com/EkD61Eet7P
— Raoul Pal (@RaoulGMI) January 26, 2020