Title: Value Investing Legend Sees Bubble "Like No Other" Bursting In "Weeks Or Months" Source:
[None] URL Source:https://www.zerohedge.com/markets/v ... other-bursting-weeks-or-months Published:Oct 23, 2020 Author:Tyler Durden Post Date:2020-10-23 19:41:24 by Horse Keywords:None Views:313 Comments:6
"My bet is that reality will catch up with the high P/Es... it is a matter of weeks or months, not years..."
I bought Rolls-Royce (RYCEF - Jet engines, not cars) a couple months ago at 2.92, it dropped to like 1.50 three weeks ago but has bounced back. I bought it because it was at 5-year low (was at 20.13 six years ago), I figured it was because COVID, no one is traveling, no need for jet engines. I'm going to ride it out.
Ordered a pizza from Papa John's four hours ago, app said 33-42 minutes. After three hours I called the store and received an apology and a promise of a fresh, hot pizza. After another hour, same call, same promise, still no pizza, same negro manager...