Apr 9, 2020
7:56:10am
7:56:10am
Tracking the pump of $$ into the market
The Fed has bought more of their stock than anyone else. Take a look at what's happening to equities in general... the US Fed is going to be the single largest shareholder of ALL US equities by the time they're done pumping $4 trillion into the market.
The CapOne balance sheet consists of 80% consumer debt. 80%! Plus, their Oil Market hedges (which they bought to essentially hedge against consumer defaults in the event of oil price spikes due to war) are all worthless.
So, please show me the fundamentals behind why CapOne with 40% of their customers now in forbearance is worth 20% more than it was when I posted?
The CapOne balance sheet consists of 80% consumer debt. 80%! Plus, their Oil Market hedges (which they bought to essentially hedge against consumer defaults in the event of oil price spikes due to war) are all worthless.
So, please show me the fundamentals behind why CapOne with 40% of their customers now in forbearance is worth 20% more than it was when I posted?
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- m4t4d0r
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