Above, TV stock guru Jim Cramer from February, just before the Covid crash, when he defended his assessment that oil and gas stocks were now on the wrong side of history.
In the intervening months, of course, the global pandemic hammered fossil fuel stocks around the world, while solar, wind, and batteries became havens for investors.
Below, from the past week, Cramer assesses the current bull market, and starts, again, with Tesla, and its astounding run-up over the intervening months.
Yikes! When he started to go through the “young investors have their eyes on” board and providing reasons why the old way of investing doesn’t apply any more I had a flashback to the 1990s tech bubble and all the wisdom about why the high stock prices on non-profitable tech prices were OK because the old rules didn’t apply any more.