OUR MARKET IS MOST INSANE AMONG DEVELOPED COUNTRIES pic.twitter.com/Horzhv2Cl9
— Win Smart, CFA (@WinfieldSmart) June 8, 2020
$HTZ is currently 52% higher than its closing price the day before it filed for bankruptcy, despite no expected equity recovery.
$600+ million market cap of complete air
What a market we are in
— Nate Anderson (@ClarityToast) June 8, 2020
'Valuations are again near historic extremes. Notice the difference in behavior between the top 10% of S&P 500 stocks and the median S&P 500 stock, as well as the smallest 10% of S&P 500 components.' https://t.co/bkYVdmCIYd by @hussmanjp pic.twitter.com/MpR2rwrDNG
— Jesse Felder (@jessefelder) June 8, 2020
Over 102,000 Robinhood users now hold $HTZ. Which is bankrupt.
— PlainSite (@PlainSite) June 8, 2020
1 YEAR FORWARD P/Es EVEN MORE INSANE pic.twitter.com/c0i9lXcivb
— Win Smart, CFA (@WinfieldSmart) June 8, 2020
"rally on hopes" is the key phrase here pic.twitter.com/MlfHY1MUVQ
— StockCats (@StockCats) June 8, 2020
'Where are the sellers?' Cramer worries about stock market getting too far ahead of the economy https://t.co/r5N62LyCJ0
— CNBC (@CNBC) June 8, 2020
Here’s something to consider with the S&P 500 on the verge of erasing all its 2020 losses: Ever since the benchmark bottomed in March, every single one of its members has posted a positive return.@business
— Danielle DiMartino Booth (@DiMartinoBooth) June 8, 2020
#recession … US edition
It's official… and it happened before any of the #coronavirus lockdowns. 📉 https://t.co/0ii0Zbhepu
— Invariant Perspective (@InvariantPersp1) June 8, 2020
It’s the mother of all “money illusion” rallies. In 3 months, the Fed juiced up M2 by a cool $2.5T, and the S&P 500 mkt cap surged dollar for dollar. Who needs earnings? Who needs productivity? Who even needs buybacks anymore? MMT arrived early and with a Republican in office!!
— David Rosenberg (@EconguyRosie) June 8, 2020
What if the economy re-opens, but people still stay home…. https://t.co/2jufbhUsQF
— Lisa Abramowicz (@lisaabramowicz1) June 8, 2020