The offerings are coming at a pace I have never seen, I might have to get a bigger phone package for the amount of calls Im getting this morning. Its out of control, how the market continues to go higher in the face of this is truly astounding. Where is all of the cash gonna come from? This is like outbidding yourself...but you see this works to the banks advantage they make players feel like they have to participate in these deals...and they make ENORMOUS fees on the selling of these deals. Im in for a bunch of the deals, but Im buying additional put protection as I think this party is going to end badly - how long can this keep up?
JB
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JB,
ReplyDeleteTo answer your question, based on no credentials whatsoever except what I have seen with my own eyes over the last 30 years (the span of my active interest in the markets), a lot longer than anyone would believe possible and certainly a lot longer than is rational.
fp
The thing about this business is that everybodys opinion is valid...and I agree with your answer
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