Facebook Sales Rebound As Margins Continue To Slide
A sharp rebound in stock prices last week lifted the market index back to all-time highs. The Broad Market Index was down 3.31% last week and 38% of stocks out-performed the index. This frothy and speculative market is vulnerable to a more sustained decline such as we have not seen since the financial crisis 2007 to 2009. The confidence that the world central banks will bail out investors regardless of the cost is reflected in two market rules that have evolved; Don’t fight the Fed & Buy the Dips. Q4 2020 hedge fund letters, conferences and more Maintain Exceptional Portfolio AttributesBoth ar...