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Bear Market Math (EP.280)

Animal Spirits Podcast

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Stocks Down 90%?

Ramp tweeted a milk carton of Walter Bloomberg, the guy who I'm saying is a real person. He's fake. There's no way he's real. It's got to be an algorithm. What percentage of stocks that have been down 90% have reclaimed their highs? None. If you bought a basket of these, I'd be careful. Zillow, what was that? These levels in 2016. Out of these three, Zillow would be the one to me that would make below sense.

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