Authored by Sven Henrich via NorthmanTrader.com,
President Trump is mocking Warren Buffett for having sold his airline stocks, Druckenmiller crying on TV about having been humbled by the market while every Robinhood retail trader piling into ever more calls is laughing all the way to the bank. The professionals gobsmacked at the complete upside down events in markets compared to any other time in recorded history given the economic backdrop while retail is giddy jumping into any ticker symbol that’s moving, valuations be damned, hey let’s even chase bankrupt companies, why not?
This market is so bullish even bankrupt companies are rallying.$HTZ pic.twitter.com/TPMh0wyay1
— Sven Henrich (@NorthmanTrader) June 5, 2020
Anything goes in the market.
I myself, have been surprised by the recent vertical strength that keeps running from gap to gap to gap.
Continue reading “Welcome To The “Anything Goes” Market”
