What is wrong with TWTRQ and this market???
This morning a bankrupted company's stock price shot up in OTC market because its ticker name is one letter away from Twitter. I am wondering who bought these stocks today and what are these people gonna do Monday. It seems like investors nowadays just want to get into any stock that looks legit.
If we look at PE ratio of S&P right now it is still pretty reasonable, but I just feel like the market sentiment is being too bullish about everything. You have Tesla at $180, Noodles at $43.58 (400 times PE), and Potbelly today with 120% jump first day of its IPO.
The data shows economy is getting better, but it has been mainly reflected on the corporate's profit side. If there aren't more people getting hired and American consumers still don't have the buying power to sustain a strong recovery, is the current stock rally gonna last?
Expecting a significant pullback in the last 3 months of the year. Stocks historically follow rates..Look at the 10yr treasury from ~1.6% to ~2.7%.
The T-note yield could go up further if FED starts tapering right
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