Aug 01, 2020
Henrik Lundqvist gets Rangers start with Igor Shesterkin unfit to play
This news has been received from: New York Post
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Henrik Lundqvist will not be unseated from his playoff throne just yet.
It was Lundqvist, not Igor Shesterkin, who led the Rangers onto the ice for warmups ahead of Saturday’s Game 1 against the Hurricanes in the Stanley Cup qualifiers at Scotiabank Arena. He was set to be backed up by Alexandar Georgiev while Shesterkin was deemed “unfit to play.”
Shesterkin’s absence was not COVID-19 related, according to The Post’s Larry Brooks, but a surprising development nonetheless as the 24-year-old Russian was expected to draw the start. He had played the first half of Wednesday’s exhibition against the Islanders, giving up a goal on seven shots.
The 38-year-old Lundqvist, who will make his 128th straight postseason start, has thrived against the Hurricanes in his career, owning a 2.00 goals-against average and .934 save percentage against them. In three games this season facing Carolina, Lundqvist was 3-0 with a 2.33 GAA and .947 save percentage.Filed under henrik lundqvist , igor shesterkin , new york rangers , nhl , 8/1/20
News Source: New York Post
The ‘death of valuation’ and what it could mean for investors going forward
The failure of distance learning presents an opportunity to better engage parents Amazon gets approval to buy 16% stake in UK food delivery firm Deliveroo The ‘death of valuation’ and what it could mean for investors going forward IN ONE CHART © MarketWatch photo illustration/Getty Images
In 1967, Warren Buffett told investors that he was “out of step with present conditions,” an admission that he couldn’t wrap his head around the market climate at the time.
“I will not abandon a previous approach whose logic I understand (although I find it difficult to apply),” Buffett explained, “even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don’t fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital.”
Kailish Concepts, a quant analysis firm, used those very words from the Berkshire Hathaway (BRK) boss in a note taking a deep dive into the “death of valuation” in today’s market, which can be seen by this telling chart showing the dominance of growth stocks:
“Kailash believes the idea that things are different this time to be a very old and very flawed story,” the analysts wrote, adding that they believe that “much of Nasdaq’s manic run is simply a wall of money chasing what was already racing higher.”
Joining the likes of high-profile Wall Street names like Jeremy Grantham, David Tepper, Stanley Druckenmiller, Cliff Asness and Howard Marks, to name a few, Kailish explained that, as the chart suggests, the stock market is clearly in bubble territory.
And we’ve seen this play out before.
“The most expensive firms in the market today, like in August of 2000, generate no FCF, are loss-making and carry the associated negative ROEs and ROAs, and are diluting shareholders to fund operations,” Kailish wrote. “With spreads between value and growth at record levels and an explosion of speculative listings through IPOs and SPACs underway, today’s market environment shares numerous features with prior peaks in 2000 and 2007.”
No sign of a popping bubble as stocks got a bit more expensive to start the week and held gains on Tuesday. At last check, the Dow Jones Industrial Average (DJIA) , Nasdaq Composite (COMP) and S&P 500 (SPX) were all hovering around breakeven.
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