Disagree. This is nothing like 99. And the IPO market is just warming up - if there was a stampede of pre revenue start ups your argument would have more merit.
But each to their own. I salute you if you can make money going short now.
Personally I don’t believe in fighting the fed. And as a stock picker with a background in funds management, the XJO is largely irrelevant as I play at the small end of
town and that’s where the growth is - and the capital flows right now.
The Brains Trust - 2020, page-1841
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