Lately, many have noticed that the share prices of companies that are in the middle of bankruptcy proceedings like Hertz, JC Penny, and Pier 1 have acted irregularly. Despite nearing collapse, many traders and investors looking to take on some risk and buy the dip of bankrupt companies have caused the share prices of those companies to skyrocket. This behavior makes me feel like we are experiencing euphoria in the markets. Listen to learn more about my thoughts on the current market sentiment.
And check out our blog! Here, not only will you get a written version of my thoughts on the whole "bullish on bankruptcy" phenomenon but also get access to our other articles. New articles are posted every day.
*This episode is not financial advice. All content should be considered opinionated. We are not responsible for any gains and losses. The host is neither a licensed nor registered financial expert. Please talk to a financial advisor before making investment decisions.
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