Since its high in February last year, ARKK, the flagship fund of “Mu Tou”, has fallen 50%. Those with good news compared the performance of ARKK and the NASDAQ in 1993-2003 (2000 Cobain bubble) and found that the two trends were almost the same.
If “history repeats itself,” Sister Mu Tou may face very difficult times in the future.
The question that needs to be considered now is, if ARKK actually “replicates” the trend of the NASDAQ bubble, will it still believe in “Sister Mu Tou” and choose to stick with it?
What do the cowboys think?
Is this a sign of escape, or is it the darkness before dawn?
Editor/Phoebe