Thursday, December 17, 2020

Quote of the Day: Surreal...

"The interest in participating in a bubble in something that precious few understand is truly disturbing. Then again, these are the same markets that saw investors buy Hertz after it declared bankruptcy, and the same markets gobbling up a century bond from Peru at 170 basis points over Treasuries. Dare I say, a world of negative bond yields in places like Italy, Spain, Portugal and now Greece."

--Dave Rosenberg  

And the same markets that confused Zoom Technologies Inc (ZTNO) with Zoom Video Communications Inc (ZM); pushing its stock price up 1,800% earlier this year:


Surreal!


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