Did we just witness “an epic signal of a blow-off top” … ?
Yes, says Gary Evans of the Global Macro Monitor blog, who pointed to the recent action on Barstool Sports founder Dave Portnoy’s Twitter feed as the reason.
On Monday, Portnoy slammed Berkshire Hathaway’s
Warren Buffett for unloading airline stocks as the coronavirus epidemic took its initial toll. He also went off on how he made almost $300,000 on the day but missed out on an even bigger number by getting out too soon.
“I’m just printing money,” Portnoy said. “Why take profits when every airline goes up 20%…