Down Market

People are buying Revlon like crazy and Revlon is in bankruptcy. Bankruptcy usually means the common equity is WIPED OUT by the courts, but still people buy. the “dip”.

By definition, Revlon has NO fundamentals.

Today I did a quick review of the 100 top stock gainers from Yahoo.  I counted the ones that had ANY P/E at all and there were 32 of the 100 or 32%. 

Now, if I were to look at those with a P/E, there were a good number with very high P/E’s.