Why GoPro Stock Is Another Wall Street Darling to Short
GoPro Inc. (Nasdaq: GPRO) continues to defy the odds thanks to a litany of headlines and experts who just “know” the stock is going to rebound.
The EU refugee crisis is considerably more dangerous than a potential Fed rate hike and much more worrisome than China’s economic train wreck. This is a truly global situation, the seriousness of which is unparalleled in modern times.
ETFs area just another way for Wall Street to separate investors from their money…
Conventional wisdom at the moment says that China’s coming unglued and that the country’s stock markets pose a grave danger to global investors. It’s communist, it’s a Ponzi scheme, it’s ruled by insiders, it’s leveraged up to its eyeballs, ghost cities… all the usual tired old arguments are being rolled out as if they’re somehow new again.
On the heels of last Monday’s vicious 1,000+ point “dip” and then Wednesday’s subsequent 619-point “rip ” higher, many investors are asking one question – will the stock market rally stick?
According to The Economist, the top 10 highest-valued private equity companies are valued at $156 billion despite having revenue of only $4 billion.
There are a lot of jangled nerves out there, and China is being pilloried for its actions.
Stocks around the world were in the green Monday as Greece agreed to the latest bailout – its third – and the threat of an immediate default and “Grexit” from the Eurozone faded.