. As I mentioned before, this is why it’s possible for Humbug Christmas Tee Shirt to beat Q3 2021 guidance and still have their stocks go down the toilet. It’s no surprise that the companies which are more speculative (with no revenues and cash flow to back up their valuations) get destroyed first, and then the mid-caps, and then the more solid companies with the revenues and cash flow to back up their valuations (e.g. Tesla, Google, and Facebook)? In fact, the large and mega-cap companies (or “liquid leaders”) are typically where large hedge funds and financial institutions “hide and take shelter” when they notice that something is wrong and a bubble is inflating. And so, they slowly start to move from more speculative names to the “safer” and large-cap names.
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A few Italians grace this Humbug Christmas Tee Shirt . And, like me, they stand out. Why? Their trainers! Improved versions of Ballenciagas, which are SO passé now. Two years on and the Italian wears a trainer with a huge platform bottom, exaggerated jutting heel and zany laces. They’re pricey. But we Italians have no problem with paying whatever for fashion. A pair of Ballenciagas is about 800 euros but the improved copy cat trainers are a mere 400 euros. A bargain !! I have 5 pairs already, all different colours. And a 6th pair waiting in the wings of one of my favourite shops in Spoleto, central Italy, from where I hail.
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