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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (12373)	11/10/2021 11:30:40 AM
From: robert b furman	2 Recommendations Recommended By berniel da_spot Read Replies (1) \| Respond to of 26788

Good Morning Kirk, WWW today, just a monthly thang. After 10 days up in a row, it was to be expected. RIVN is upsized and with a higher price. Some selling and profit taking to buy into the next over valued EV stock. More capitalization than GM on the IPO. With the target of producing 150,000 units by 2023. A drop in the bucket compared to total production. EV's are the new DOT.COM Bomb. Every IPO is the next TSLA. The internet will be ubiquitous and all businesses must leverage the brand. Here we are 22 years later and E commerce is 25% of commerce. Amazon was going to bankrupt Walmart. The Walmart embraced E commerce. OH the hype and unrealistic expectations. Always happens in blow off tops - its a no brainer - they're all going to the heavens. Then ordersdrop off and the suplky chain lo and behold is stuffed. Then the write offs and overvaluations become apparent. It will be important to be out early. The long recovery will be longer than before. We'll have to be old pharts to ever enjoy the next one. NOT the B wave run up , but the next rest. Exciting times and I'm very glad to have some experience and a bit more knowledge than in 2000. Thanks for all of your very solid views. Bob