Will the market share your bullish views when the tide goes out?
ANALYSIS: It is likely almost every highly priced growth stock (future-winners and future-duds alike) will fall together in the event of a significant market sell-off.
More than has been the case in any other time that I have experienced (in 31 years of equity analysis and portfolio management), the language that equity analysts and other market participants are using to communicate their ideas is short-term in nature.
