The Memo by Howard Marks cover image

Bull Market Rhymes

The Memo by Howard Marks

CHAPTER

The 20 20 to 21 Bull Market

In many bull markets, one or more groups are anointed as what i call super stocks. The dramatic performance of the fams in 20 20 attracted the attention of investors and supported a widespread swing toward bullishness. By september 20, twentyeth that is, within six months, these stocks had nearly doubled from their march loas to be up 61%. In the 20 20 to 21 bull market, ip os from unprofitable companies experienced big resurgents.

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