by James Rickards
How crazy have markets become lately?
One new investor has said, “Stocks only go up,” while unemployed people are using their stimulus check to trade stocks:
“It was basically free money,” said one of them… “It’s like a gambling game.”
If you want to talk about craziness, just look at Hertz…
Fools Rush In
Hertz filed for bankruptcy on May 22. Then a bizarre thing happened. Some of those newbie investors who had just received their coronavirus stimulus checks opened online retail accounts at brokers like Robinhood and started buying Hertz!