The Games Don’t Stop Here - John Rubino #5031
Goldman Sachs warns of a dangerous bubble in 39 hot stocks. Goldman’s clients are freaking out about a stock bubble. Bridgewater’s Dalio sees U.S. divided, in ‘terrible financial state’ It’s official now, it’s a bubble. Microsoft and Sony are coming out with new consoles so Game Stop is of course taking off to the moon! Robinhood traders love Game Stop, time to get out? Does it have a future? This is what happens when markets are over hyped and excited. You never know in a bubble market. Bubble is all over the place New all-time low junk bond yield U.S. corporate buybacks are on the rise Is selling pressure beginning to percolate? Remember the market can stay irrational longer than you can stay solvent. More stocks are trading 10 times sales now than in 1999, the last time it happened. Beyond any previous bubble. A market takes the escalator up and the elevator down. The stay at home stock bubble, doing great as long as the lockdowns continue, ie Netflix.