Either that or we will be living in a world with one software company, one consumer electronics company, one car company, one airline, and one retailer. Ok maybe 2 across the board there. Everything else disappears.
Amazon up 25% in 1 month. Has added hundreds of billions in market cap in only a few weeks. Law of large numbers don't work forever. Just saying.
I don't disagree with any of this. There WILL be a day of reckoning - but until then, why not relax and enjoy the ride? Keep making $! The Naz WILL trade above 100K. There will be 10T, 100T etc. market cap companies. Only question is when?
Not today. In the future. Remember, it's not really that long since we had the first 100B company (GE in 95?). Here we are today at 1T rapidly heading to 2T. You think 10T can't happen? It's only a matter of time. In fact, we'll probably see the first QUADrillion dollar company in less than a century. And no, it will most likely not be in any existing industry, you're right about that.