Hertz captures the market insanity perfectly. The company...

Hertz captures the market insanity perfectly. The company is in Chapter 11, and its debts are so large that it will be forced to equitize the bulk of it--WIPING OUT ALL EXISTING INVESTORS. A market crash is assured. https://www.zerohedge.com/markets/market-cap-bankrupt-hertz-approaches-1-billion-amid-unstoppable-flood-retail-buyers #news #economy #finance #debt #money

Market Cap Of Bankrupt Hertz Approaches $1 Billion Amid Unstoppable Flood Of Retail Buyers

Hertz has gone parabolic, with the stock rising as high as $6.25, nearly triple its Friday close of $2.57, and translating into a market cap of just under $900 million.

zerohedge.com

Jun 8 2020 · 8:55 PM