“We’re in an industry that has high valuations.”
“Shorting is the Worst Job”: Short Seller Andrew Left, Citron Research, who’s short Facebook, which is soaring, after reporting booming revenue and profit.
The foundations have crumbled. All bets are off.
Even in the US.
With actual P/E Ratios Blowing Out Like this.
“Derail an expansion and deepen a subsequent recession.”
“Intrigued by gold and its price action.”
Watch the banks.
A sea change.
And there’s a bitter irony.