Well.... of course they're not BS... but stocks are making over-extended moves on news that is years into the future. Its like 1999 all over again. Peapod dot com wanted to deliver groceries bought online... 17 years later AMZN is just getting its feet wet. Peapod is in some Silicon Valley museum. Sure, they will get here someday.... but what kind of multiple does one assign a stock based on something that is ten years down the road and has about a trillion hurdles to overcome? And how much additional revenue will Avis see for the next 8 quarters off of this? Its all hyped up BS. And in this particular case....all it is is a service contract! Change the oil, rotate the tires, and vacuum them out. WTF .... we are in a new bubble I'm tellin ya.
Well another boring da, no trades, the only trade with any promise today was CBI someone else noticed it at 15, but couldnt find the news on it till 16, then didnt chase it, other than that just sitting on my hands.
Was thinking about shorting the ES but its likely another Trap, market keeps bouncing this 2429 area, we have been in this range now for a long time. Should probably just buy it, and keep on betting that the market will remain shitty forever lol. j/k