“Bulls were lulled into believing that a new leg up had begun.”
1) I have found it useful to study the 1970s Nifty Fifty era as it appears to have considerable overlap to the so-called FAANG stocks of today.
And by the way, if you are not reading Howard’s daily, what are you reading? He is a master of synthesizing the best market insights. I get SO many ideas!
Another excellent read by
Democratization of Equity Investing