....yes, which is why I said that macros are so important, your company can deliver good results, it can thrive for a short while but if and when the overall market turns down, it won't matter as much, your company won't be immune.
One of my favorite Stanley Druckenmiller quotes. “People always forget that 50% of a stock’s move is the overall market, 30% is the industry, and maybe 20% from stock picking.”
