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Stacy Herbert on outrageous stock valuations. Meet the 25 million dollar grilled cheese truck.   Share:  
Thrust of argument: Stacy Herbert and Max Keiser report that 'The grilled cheese truck company has four grilled cheese vehicles and they have commenced trading on the over-the-counter market under the term GRLD [..] the company has a market value of 108 million. [..] (The company) has about one million dollars of assets and almost three million dollars in liabilities. In the third quarter of 2014 it had sales of almost a million dollars on which it had a net loss of almost 900,000 dollars'. Direction of resistance / implied resistance: Max Keiser observes 'Markets go through cycles and sometimes trade at excessive highs and they get wiped out.'


Read about a low-risk "end of day" trading method designed for long and stable periods of economic activity.


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Removal of resistance: Keiser says that algorithm trading has gone rogue. Unification: Watch the show via the link in the references below.
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