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Stock Market Party
- Clarence Darrow (1857-1938), American lawyer
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The end of 2020 has me looking back. I started writing the letters that later became
Thoughts from the Frontline back in the late 1990s. Similar to COVID-19 today, we had a giant macro issue then, too: Y2K. It’s hard to believe now how frightened some people were. But as I expected, the big day came and the world didn’t end.
Another similarity is the stock market was rising like a rocket. This newfangled “Internet thing had people super-excited, and rightly so. It was a world-changing paradigm shift. Unfortunately, some of the stocks born in that incredible boom weren’t world-changing paradigms at all. The market party ended, just as this one will, but went on far longer than almost anyone (including me) expected.
Clarence Darrow (1857-1938), American lawyer
The end of 2020 has me looking back. I started writing the letters that later became
Thoughts from the Frontline back in the late 1990s. Similar to COVID-19 today, we had a giant macro issue then, too: Y2K. It’s hard to believe now how frightened some people were. But as I expected, the big day came and the world didn’t end.
Another similarity is the stock market was rising like a rocket. This newfangled “Internet” thing had people super-excited, and rightly so. It was a world-changing paradigm shift. Unfortunately, some of the stocks born in that incredible boom weren’t world-changing paradigms at all. The market party ended, just as this one will, but went on far longer than almost anyone (including me) expected.
a battle over executive privilege. the report is going to the acting attorney general. he has the discretion not to release that but forget that, it s going to be released. then it s one big rorschach test i heard one person say and i agree. people are going to see in it what they want to see. in fairness, i m a lawyer. let s see the report. let s digest it. we don t know what confidential interviews are. it s a secret investigation. it s fine to read tea leaves all day long but we need to see the report. the one thing we know, there s a heck of a lot we don t know. happy new year. thanks for coming in. happy new year. coming up, market madness. 2018 proved to be the worst year for u.s. stocks in a decade. why some strategists say 2019 could be just as volatile.
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