Michael Batnick
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Appearances Over Time
Podcast Appearances
We haven't seen that level of outperformance since the dot-com bubble imploded.
And outside of that, there's really only been three other dots.
There was a random one in 1987.
Well, not random.
There was one in the GFC.
But all of the other red dots occur in the run-up and the unwind of the dot-com bubble.
And I'm not going to just sweep that under the rug.
I'm not saying that this is the top dun-dun-dun, but it's not nothing.
Well said.
We need evidence that there's a top.
And by evidence, I don't mean one down day.
I mean a series of lower highs.
And obviously, we're not there yet.
We might be there in four weeks.
I have no idea.
But you have to give the bulls the benefit of the doubt.
And the thing that I keep coming back to is my North Star for where we are in this market.
And I understand that Micron is up 800%.
I get all that.
The AI story is in its infancy, as hard as that is to believe, which is a great segue to the open AI stuff, the S1.