Great comment. Thanks for posting.
Being bullish long-term always makes sense. All I'm saying is the stock market never has and never will continue up in a straight line. New EV and renewable technology companies will not be the exception.
And you're right. There are a lot of new technologies coming online. However, this is kind of the point I make in the article. Analysts always say we are entering a new generation of innovation. It's exactly what they said 20 years ago. The analysts weren't wrong. The internet obviously changed everything - but there were winners and losers and the stock market could not sustain an overheated technology bubble.
Cathy obviously knows this. She was an analyst who followed Amazon when it was a newly formed company. She knows how far Amazon fell when the bubble burst as well. Maybe that's why she told Bloomberg last week that she's telling her ARC investors to leave some powder dry for the next significant pullback. I think it's sound advice.