Value destruction

[dealmaker]

• Value destruction:The oil and gas industry had to write down a mind-boggling $145B in the first 3 quarters of 2020, equivalent to ~10% of the industry’s market value.

 

[They]

The Jaws of Death will eventually close...

 

[newwurldmn]

The Jaws of Death will eventually close...
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obviously earnings will rise. Those trump tax cuts will put us in hyper growth any day now!

 

[SunTrader]

Earnings will only matter again when bonds pay more than ......... zip.

 

[BeautifulStranger]

The Jaws of Death will eventually close...
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Using earnings as a metric for market valuation? Seems so 1990s or earlier. A type of metric Warren Buffett might of used.

This is the 2020s, baby. We are now the land of the easy money, bailouts, and stimulus packages. We hail to our ever bigger government and pain free rising stock prices.

Remember, when buying and holding stocks, we mustn’t let our leverage ratios drop if we want to keep ahead of currency debasement.

Grin.