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Speculative Frenzy Is Alive and Here's Why

Looking for proof that a speculative frenzy is alive and well?

Consider that:

The market value of Fossil , with annual revenue of $2.5 billion, is nearing the same market cap as Tiffany — annual revenue $3.5 billion.

LuluLemon , with revenue of around $847 million, is valued almost equally to Nordstrom , with annual revenue topping $10.8 billion.

Then there is Monster Beverage , with revenue of $1.7 billion and a market value 25 percent higher than Molson Coors Brewing , whose annual revenue is around $3.5 billion.

Moral of this story: Valuation doesn’t matter until it does. Zero interest rates will do that!

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