It’s remarkable what can change in a matter of days. Last week on the Mullooly Asset Show, we talked about Hertz and how it was trading at $0.85 a share. Our point was that not ALL stocks that crash make it back to their pre-crash price.
Since then, Hertz has spiked to roughly $6 a share. While that’s a massive jump, it’s still not even close to where it was (roughly $20 a share), and who knows how long this spike will last. Time will tell.
Here’s what I’ve been reading this morning:
‘The 2020 Stock Market By the Numbers’ – Ben Carlson – A Wealth of Common Sense
- While it can be dangerous to cherry pick market returns from the bottom in March, it’s important to understand the magnitude of what has transpired over the last few months. Ben takes a look at a handful of useful numbers from the 2020 market.
’50 Ideas That Changed My Life’ – David Perell
- It’s important to have principles, ideas that guide your everyday life. In this post, David outlines 50 ideas that have changed his intellectual life, and almost all of them can be applied to finance, if not every other facet of your personal life as well.
‘Six High Frequency Indicators for the Eventual Recovery’ – Calculated Risk
- It’s no surprise that certain industries were brought to a quick halt during the pandemic. This post takes a look at a few indicators from those industries and examines how they have started to come back and what it means for the recovery in the long term.
‘Your Trading Competition’ – Barry Ritholtz – The Big Picture
- An interesting anecdote that Barry heard sparked this post about who your trading competition currently is. While it might not be at the level of day-trading mania we saw in the 90’s, there are plenty of young adults currently trading stocks while at home during quarantine.