Party Like It's 2020, Not 1999
Comment of the Day

July 13 2020

Commentary by Eoin Treacy

Party Like It's 2020, Not 1999

Thanks to a subscriber for this report from Mike Wilson at Morgan Stanley. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

Rather than compare the pace of the current advance with what we saw in 1999, I think it is more appropriate to highlight the COVID-19 fear mongering to what went on ahead of Y2K. Back in 1999 there was palpable fear all computers, everywhere, would stop working on January 1st 2000. That catalysed spending decisions in corporations globally to frontload technology upgrade decisions into 1999. Y2K effectively pulled forward sales from 2000. 2001 and 2002 and tech sales looked like they would go on forever.

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