Garbage In, Garbag Out PTON, OXY & MAR
Summary
- Marriot is literally begging customers for business.
- PTON orders are be cancelled faster than u can blink.
- OXY is barely a going, liquid concern.
The absurdity of equities and oil continues. 12 months from today, business travel is forecast to be less than 25% of 2019 levels - yet the CNBC pimps are book talking their positions in Marriot. I've gotten 5 calls from Marriot over the past two weeks literally begging me to travel to any of their resorts in Florida. This stock is beyond absurdly valued and both leisure and commercial travel will remain massively depressed through 1H2022. Oil too as been on a ridiculously absurd rally in the face of even more absurd supply and consumption which will also be less than 50% of 2019 levels one year from now. Lastly PTON, which had a ridiculous run, appreciating more than 500%, currently higher by just under 400%. At a time when Peloton employees can't keep track of cancellations. Massive delays in product availability align almost perfectly with broad vaccine distribution by the 3rd quarter of 2021.
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