you know, I laughed like crazy when someone said "when this gets to $40", but I can't believe what I'm seeing now. Anyone who says that market prices are rational are not living in the real world.
40??? That's a hair below the ALL TIME RECORD high, including the tops of all bubbles, for a segment that is getting, and will continue to get absolutely crushed. ?? The market can stay irrational longer than....... well, we all know the saying.
Well, it was me who said it, and sure enough, it hit 40. And pretty much gone down ever since. I think it might make one more run up to upper 30s, but by end of summer, it will be back in teens.