2min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

If you're bullish, you're crazy

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Do Fundamentals Really Matter?

We have some long positions. Did great during earnings season again. This is what we do. Fundamentals finally matter. It's nice that they finally matter where you can't just look at a company trading at 300 times shoulder earnings and 35 times sales. That growth is gone. They're going to have to fire employees. Cut cost dramatically. A lot of these companies have not been around long enough where they've been through that type of market. I mean, these guys know exactly what to cut.

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