Blog Post
Back from the Dead?
These truly are extraordinary times: the share prices of some bankrupt companies (and those teetering on filing for bankruptcy) have been rising on the US stock markets. The number of online accounts and trades by retail investors has skyrocketed and it seems that these retail investors on betting big on bankrupt companies to come back from the dead.
"It’s great that Vegas is open again but who needs it when you have the stock market instead”
Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group