Postcards: Die Zombie! (AKA, "Why Does This Public Company Exist?")

While everyone is screaming at the Fed for mismanaging inflation and raising interest rates... there is one silver lining: We may finally clear the deck of worthless capital-draining Zombie stocks.

We continue to proceed with caution in this market. Our negative signal keeps us in cash, and we watch the S&P 500 and the Russell 2000 continue to bleed off. We’ve largely had a negative signal since August… with a few short squeezes along the way.

Dear Fellow Expat:

Some people ask why the aliens haven’t made contact yet.

It could be that we’re too busy as a species being distracted by pop stars dating NFL players… Or that we spend all of our time restlessly worried about politics.

It’s possible they got here and turned around after watching a Presidential debate.

If there is an intelligent life out there, I’m sure they understand modern finance better than us. They probably look at our stock market… and wonder why we continue to throw good money at bad companies.

How do we constantly allow our money to chase an entire class of fantastically absurd public stocks with no business existing? Let’s discuss.