by Gary Gordon | Dec 1, 2020
Corporate insiders are selling shares in monstrous amounts. The unusual level of activity suggests that executives are wary of overvalued stock pricing. In contrast, retail investors and fund managers alike are exceptionally bullish on stocks. For instance, fund...
by Gary Gordon | Nov 24, 2020
Jim Cramer, the boisterous TV host of CNBC’s circus-like investment show, “Mad Money,” rarely bad-mouths the stock market. You can count the number of times he has expressed concern about irrational investor exuberance on one hand. Today, however,...
by Gary Gordon | Nov 20, 2020
The investment community is not only willing to look beyond virus vaccination to economic nirvana, it is also willing to ignore extraordinary stock overvaluation. Consider the price-to-revenue metric. At 2.7x corporate sales, stocks have never been frothier. Another...
by Gary Gordon | Nov 17, 2020
What does it mean when a company has beaten earnings expectations? In theory, it implies that a public corporation is performing extremely well, justifying a higher price for its stock shares. The reality? Market analysts intentionally set the expectations bar near...
by Gary Gordon | Nov 13, 2020
What if your family owed more than it owned? You could get by for a while. You could “rob Peter to pay Paul.” Eventually, though, persistent negative net worth would likely result in a declaration of bankruptcy. The same holds true for corporations. The...
