“Non-Mega Cap stocks could reasonably outperform Mega Cap stocks by about 7 percentage points annually over the next decade,” writes Bill Hester.
History, it seems, may validate thesis.
As for a replay of the “Nifty 50” drawdown, it would appear that shifting market liquidity could be the catalyst for just such an event, according to Dan Oliver.
Perhaps this helps to explain the exodus from c-suites across corporate America right now.
This mass migration may only be exceeded by the exodus of bears from Wall Street recently: “there’s nothing more difficult in our business than standing against financial euphoria.”