Meet the $25 million grilled cheese truck
It only lost half its value in a month:
And Straight From the WTF? File...
Good news for bulltards, Jim Cramer says that there is no stock bubble right now. There was a year ago, but now valuations are reasonable. You can't make this shit up. Just a year ago he warned that too much IPO junk was coming to market. He even references his year-ago comments in this most recent video. In fact he says that most of the stocks he mentioned a year ago, he can't mention now, because they are trading under a dollar.
CNBC: Mar. 2014
"Jim Cramer: This (Junk IPO) Trend Really Worries Me"
A year ago, I referenced Cramer's comments about all of the recent IPO junk, and I posted several charts of the stocks he was mentioning. The truth of course is that the situation has only gone from insane to truly asinine in the meantime.
And unfortunately for the bulls, here are some things they really don't want to see right now:
Got cheap shit blowing off? Yes, indeed, here are some penny stocks for the desperate Etraders:
How about some winners from last year?
Camera on a stick?
World's largest IPO?
Out of RocketFuel?
How about iPhone suppliers going late stage parabolic like it's Y2K all over again?
When penny stocks are leading the market and Jim Cramer is saying that valuations have improved because bankrupt IPOs are being delisted, then there's not much left to say.
