Producers of downward arrows notched double-digit gains, inspiring investors to snap up their shares like never before. Companies like National Plunging Arrow Corp. and Consolidated Downward Pointy Lines saw their shares rocket as investors rushed to participate in the suddenly red-hot red-arrow sector.
“We are seeing investors move out of Treasuries and Gold and into downward-arrow stocks,” said analyst Farley Boomster, who covers plunging trend-line manufacturers for Morgan Stanley. “At a time when the world is facing extreme uncertainty, the one thing we know for sure is that going forward there will be strong demand for downward pointy things.”
But the euphoria surrounding the plunging arrow sector may be short-lived, as some analysts caution that that investors’ mania for downward arrow stocks may be a bubble, with others warning that downward arrows are increasingly being manufactured in China, where the arrows are mass-produced using far cheaper labor.
For his part, though, Morgan Stanley’s Boomster sees a silver lining in such gloomy forecasts: “Even if people wind up losing billions of dollars investing in downward arrows, you know what? There’s only one way to show that.”
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