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Message: [QUOTE="HuskyHawk, post: 4058608, member: 1414"] Look at 1982 to 2000. [URL='https://www.macrotrends.net/2324/sp-500-historical-chart-data']S&P 500 Index - 90 Year Historical Chart | MacroTrends[/URL] Saw a really fascinating presentation on trends and predictions by [URL='https://mehlmancastagnetti.com/']Bruce Mehlmen[/URL] yesterday. Some of his predictions were things I would expect. Others were more interestingly novel. Others short term/political. My fundamental view is that we in a series of cycles of human advancement that get shorter and shorter. The early industrial revolution lead to the gilded age. Then there was a pause and the depression. The modern industrial age came, then we had a pause to adapt (roughly the 70's) and then the PC and Internet age came. There was a pause to adjust from 2000 to about 2004, when the next period of mobility/EDGE based innovation slowly began. Our bad financial regulatory framework tanked the market from 2007-09, but actual innovation wasn't slowed so many of the companies that went down, shouldn't have. Covid-19 accelerated the path we were on, and we are about to experience fairly massive, rapid change and more importantly, [U]disruption[/U]. There will be a down cycle at some point, but I think we are years away. I also think the down cycles will grow increasingly shorter. We are just barely scratching the surface of the ways we are going to combine the digital with the real. [URL='https://www.forbes.com/sites/blakemorgan/2021/08/24/amazon-disrupts-retail-again-with-new-department-stores/?sh=1fae92e73752']Amazon Disrupts Retail (Again) With New Department Stores (forbes.com)[/URL] What Uber did to the taxi industry, and Air BnB to the short term rental industry is going to be repeated, over and over. For those here buying LINK, yes they are coming for the banks and payment processing businesses. They are coming for healthcare. They are coming for things we don't anticipate or expect. So yes, I'm long. But I'm not long everything. [/QUOTE]

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