2024-02-24 08:20:00 ET
Summary
- Charles Dickens' novels are arguably overhyped, but generative AI may not be.
- The stock market is experiencing a stark disparity between the performance of Big Tech companies and other sectors.
- The "Magnificent 7" mega-cap companies, particularly those in the generative AI industry, are thriving and their reign is expected to continue.
- I provide an update on the thesis that my hand-picked "Magnificent 7 Dividend Stocks" will beat the Mag 7 this year. It's not looking good so far.
It was the best of times, it was the worst of times. It was the age of wisdom, it was the age of foolishness. It was the epoch of belief, it was the epoch of incredulity. It was the season of light, it was the season of darkness. It was the spring of hope, it was the winter of despair.
--Charles Dickens, A Tale of Two Cities
I'll be honest with you: I couldn't get through Dickens' famous novel, A Tale of Two Cities , in high school. Perhaps it would have been gripping to an 1860 Londoner, but to a mid-2000s American teenager, it couldn't have felt more tedious and inscrutable.
Perhaps the greatest contribution to the world made by Mr. Dickens', along with Shakespeare and others, was to fuel the rise of SparkNotes and other chapter summaries of high literature....
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For further details see:
The Best Of Times And The Worst Of Times: A Tale Of Two Stock Markets