Give us a break. This whole investing system is a real joke. Buy buy anything at any price to take markets up.No stock should ever be this high period.THis is all Federal Reserve interest rate games with the markets. Artificially to get a recovery forcing investors into stock for a decent return.I call that manipulation not a true free market system. Print baby print more worthless dollars. It will never pay our debt.
First off shorts are climbing all over themselves today. Then you also have the possible announcement that you will be able to purchase hoodies and catering at cmg stores across the globe using the Bitcoin. Shophouses as well!
These restaurant stocks (see BWLD, PNRA, and CMG) must have just come up with a cure for cancer or something. PNRA is on the verge of closing up for the 10th out of 11 straight days. These are restaurant stocks for goodness sakes - these price spikes are ridiculous.
Wait till you see how the market kids spin the terrible earnings reports out of all of these. They are all overpricing in lower food costs for these fast food places and counter benefit of price increases. CMG already showed last year per "their own commentary" that customers are passing on the drinks at huge markups.