Rick Summer
Rick Summer
business companies degree early large meat models talked talking
In the early part of this century, when we talked about a bubble, we were talking about companies that to a large degree did not have long-term sustainable business models. It is different now. The business models are stronger. There is a lot more meat on the bone.
few month next quarters view whether
Our view is that there is a long way to go down. Whether that's Monday, next month or over the next few quarters isn't known.
china dictate expect following follows forces france government market power rational seen start views
It's only rational to expect them to start following other people's rules. They don't have such power that they can dictate market forces politically. We've seen that in France , but in China it's a lot more paramount, where the government follows different views and censorship.
darling growth investors looking money perhaps
We don't think a lot of money has flowed into some of these large-cap names. Perhaps investors have been looking for darling growth stories.