ZIRP and hopium then the proverbial 2x4 of reality hits them in the forehead.
Tons of it still going on. Just wait a few years then look at the Russell 2k and especially the Russell 3k. Half of them are going to just vanish.
Many of the ESGs are dying now that the hype has moved on to AI. Pot stocks got a bounce recently but they are mostly doomed. The AI stuff will implode once the winners are identified and the rest will go the way of the dotbomb stocks where over 90% and most of the early leaders disappeared or were merged for pennies on the dollar.
I've seen so many of these in my life. There's always something. It's like pet rocks, cabbage patch kids, beanie babies, magic pyramid power, aloe, orange cleaners, lemon, coconut oil, beet juice, vinegar, kale, seaweed, vitamin B12, E, C,D, K, UV light treatment, Teflon, fiberglass clothing and dinnerware, visionware, etc etc. |
