Commodity Trade Mantra

Posts Tagged ‘Buying’

The Smart Money Is Selling, Not Buying - Goldman Warns

Since the smart money knows that buying anything at 10x or 11x EBITDA usually ends up wiping out the equity tranche when generously levered courtesy of today’s insane, broken, manipulated & centrally-planned market, it is not touching the market with a 10-foot pole. The only question is who starts the selling avalanche & when?

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