The current state of the stock market has been confounding many veteran observers. Extreme market liquidity as a result of a very loose Federal Reserve has created short term imbalances and resulted in a disconnect between stock movement and economic fundamentals. A prime example is the recent trading activity of Eldorado Resorts (ERI). After peaking at $70 in February, its shares plunged 90% before bottoming at $7 a month later. Similar to peers in the travel and leisure industry, Eldorado has experienced revenue contraction due to nationwide shutdowns. While Eldorado's regional businesses may