History has clearly shown there is no way off a peak but down. I think Scott McNealy, CEO of Sun Microsystems, put it best decades ago. The market is priced for perfection. But AI is a crazy, spectacular development you say...
I am completely outside of my lane here, but what the Trump administration appears to be trying to do during this ceasefire is gauge what leadership exists within the Iranian regime that they can work with. This explains why it is so long and drawn out. Hard to predict the outcome.
@SwingTraderQ I have been involved in IT development and management for most of my career. To me just as big an issue is the business case for technology. Seems to me this is still a big wildcard for AI.
The world is exiting the post-2008 zero-rate era permanently.
Long-term inflation and interest-rate expectations are repricing sharply higher across all major developed economies simultaneously.
And in several countries, especially Japan, the UK, Germany, and France, the move is now approaching or exceeding the magnitude of the 2013 taper tantrum.
Many of the winning strategies of the last 15 years may underperform the next regime.
And many deeply out-of-favor areas could become structural winners rather than temporary trades.
@iamyourfarmer The rules and technique for breast stroke have changed dramatically. Making times a lot faster. I have been trying to re-learn the stroke.
@wesbury A long time ago (Patrick Roy times) we got concierge level tickets for an Avalanche game from Warren Miller Entertainment. It was one of the most exciting events I have ever been too.
@gwiesefarms Good point here. Leading up to the ag depression of the 1980s lenders did a very poor job of analyzing cash flow. They were asset based lenders. This led them to offer farmers and ranchers poor advice, causing failures for banks as well as farmers/ranchers.