History may not repeat, but it often rhymes…
This is what happens when market values are determined using Monopoly money. There is no alchemy here, and there’s nothing to miss. This is simply ‘irrational exuberance’ squared. Which Part Of “You Get Nothing” Isn’t Clear? | Zero Hedge By Bloomberg’s Rick Green and Madeleine Ngo The warning to shareholders of newly bankrupt Ascena Retail …
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