WritingPartners
Document: Invite Print Info
More
Properties/Access Dates Add to Document Analytics Report Fullscreen (hide top links) Download & Export Options Tag Document Embed in another web page Document Web Page
2-Pane Combined
Comments:
Full Summaries Sorted

AI can be both a bubble and a breakthrough

Author: Mike Dolan

Dolan, Mike. AI can be both a bubble and a breakthrough. 11/6/25.


0 General Document comments
0 Sentence and Paragraph comments
0 Image and Video comments


AI can be both a bubble and a breakthrough

New Writing Partner Conversation New Conversation
Paragraph 1 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 1, Sentence 1 0
No sentence-level conversations. Start one.

Mike Dolan

New Writing Partner Conversation New Conversation
Paragraph 2 (Image 1) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

Mike Dolan

New Writing Partner Conversation New Conversation
Paragraph 3 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 3, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 7 (Image 2) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.
Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing

Rights

New Writing Partner Conversation New Conversation
Paragraph 9 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 9, Sentence 1 0
No sentence-level conversations. Start one.

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 10 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 10, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 8 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 8, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 8, Sentence 2 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
LONDON, Nov 6 (Reuters) - Bubble or bonanza? AI could be both.
New Writing Partner Conversation New Conversation
Paragraph 11 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 11, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 11, Sentence 2 0
No sentence-level conversations. Start one.
Artificial intelligence may well be the future of business and the wider economy, yet the sky-high stock prices it's generating may still represent an unsustainable bubble.
New Writing Partner Conversation New Conversation
Paragraph 12 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 12, Sentence 1 0
No sentence-level conversations. Start one.

Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign uphere.

New Writing Partner Conversation New Conversation
Paragraph 13 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 13, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 13, Sentence 2 0
No sentence-level conversations. Start one.
Today's constant fretting about whether frothy tech stocks are in a bubble is rooted in fears that AI may not live up to the hype and that business returns will therefore never justify the blistering investment we're seeing on advanced chips as well as the infrastructure and energy needed to support AI's vast processing needs.
New Writing Partner Conversation New Conversation
Paragraph 14 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:51PM) : Main idea more

Talks about the worry of AI being a bubble, with potentially the returns never matching what is put into it.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment
New Writing Partner Conversation New Conversation
Paragraph 14, Sentence 1 0
No sentence-level conversations. Start one.

Advertisement · Scroll to continue

New Writing Partner Conversation New Conversation
Paragraph 15 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 15, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 16 (Video 1) 0
No video-level conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Video 0
No video-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 17 (Image 3) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.
Acres of columns will be written on the "AI hype" question in the coming months, with most likely concluding that "it's too early to tell".
New Writing Partner Conversation New Conversation
Paragraph 18 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 18, Sentence 1 0
No sentence-level conversations. Start one.
Some early studies

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 20 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 20, Sentence 1 0
No sentence-level conversations. Start one.
say companies are not yet reaping significant returns from AI, even as an estimated $3 trillion of investment is expected to be ploughed into the technology over the next three years. But generating returns was always going to take time.
New Writing Partner Conversation New Conversation
Paragraph 19 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 19, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 19, Sentence 3 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 19, Sentence 4 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:53PM) : One idea more

This talks about how no one really knows because returns could come over a long period of time.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment
As to the consensus view? Maybe that's best left to AI itself.
New Writing Partner Conversation New Conversation
Paragraph 21 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 21, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 21, Sentence 2 0
No sentence-level conversations. Start one.
In response to the question "Is AI a bubble?", Google's "AI Mode" concluded: "While the core AI technology is considered a genuine and potentially revolutionary development, there is significant debate about whether the current market valuations are sustainable or if the sector is experiencing a bubble-like period of over-exuberance and speculation."
New Writing Partner Conversation New Conversation
Paragraph 22 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 22, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 22, Sentence 2 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:53PM) : One idea more

One idea is that AI is clearly a revolutionary technology but the current money being poured into it may not be worth it.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment

Advertisement · Scroll to continue

New Writing Partner Conversation New Conversation
Paragraph 23 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 23, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 24 (Video 2) 0
No video-level conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Video 0
No video-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 25 (Image 4) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.
Productivity gains and revenue growth over the coming years will ultimately determine AI's value, it adds, clearly reluctant to talk itself out of a job just yet.
New Writing Partner Conversation New Conversation
Paragraph 26 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 26, Sentence 1 0
No sentence-level conversations. Start one.
Perhaps it's more useful to look at the lessons of past bubbles. History suggests that revolutionary technologies typically attract a flood of capital, not all of it "smart money".
New Writing Partner Conversation New Conversation
Paragraph 27 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 27, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 27, Sentence 2 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:55PM) : History more

This section talks about how this cold follow historical trends. Typically, new technology leads to mass investment, with it not all being “smart money”. Showing that even if it is a truly revolutionary technology, money can still be lost.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment
So even if the technology endures and ultimately transforms the world, some of the priciest stocks from the bubble years can still be left high and dry. The companies may not go bankrupt, but over-eager valuations can mean their share prices take years to recover - if they ever do.
New Writing Partner Conversation New Conversation
Paragraph 28 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 28, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 28, Sentence 2 0
No sentence-level conversations. Start one.
That certainly seems to be the conclusion of short-seller Michael Burry - of "The Big Short" fame - on today's AI darlings Nvidia (NVDA.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 30 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 30, Sentence 1 0
No sentence-level conversations. Start one.
and Palantir (PLTR.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 31 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 31, Sentence 1 0
No sentence-level conversations. Start one.
. He doesn't think they're bad companies. He simply thinks their stock is overpriced.
New Writing Partner Conversation New Conversation
Paragraph 29 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 3 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 5 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 6 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 7 0
No sentence-level conversations. Start one.
00:16
New Writing Partner Conversation New Conversation
Paragraph 32 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 32, Sentence 1 0
No sentence-level conversations. Start one.
Wall Street ends lower, crypto stocks drop
New Writing Partner Conversation New Conversation
Paragraph 33 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 33, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 36 (Video 5) 0
No video-level conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Video 0
No video-level conversations. Start one.
The video player is currently playing an ad.
New Writing Partner Conversation New Conversation
Paragraph 41 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 41, Sentence 1 0
No sentence-level conversations. Start one.
It's impossible not to compare today's valuation frenzy to the 1990s dotcom bubble in tech, media and telecom stocks that burst spectacularly in early 2000.
New Writing Partner Conversation New Conversation
Paragraph 42 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 42, Sentence 1 0
No sentence-level conversations. Start one.

Nasdaq took 15 years to recapture peak of 2000
New Writing Partner Conversation New Conversation
Paragraph 43 (Image 5) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

Nasdaq took 15 years to recapture peak of 2000
New Writing Partner Conversation New Conversation
Paragraph 44 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 44, Sentence 1 0
No sentence-level conversations. Start one.

AI optimists routinely cite the long-term performance of those investors who bought some of the TMT survivors, even at the height of the frenzy.
New Writing Partner Conversation New Conversation
Paragraph 45 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 45, Sentence 1 0
No sentence-level conversations. Start one.
After all, if you were lucky enough to buy Amazon (AMZN.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 47 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 47, Sentence 1 0
No sentence-level conversations. Start one.
, Apple (AAPL.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 48 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 48, Sentence 1 0
No sentence-level conversations. Start one.
or Microsoft (MSFT.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 49 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 49, Sentence 1 0
No sentence-level conversations. Start one.
at their peaks around the dotcom bubble, you're still looking at eye-popping returns now.
New Writing Partner Conversation New Conversation
Paragraph 46 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 46, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 46, Sentence 3 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 46, Sentence 5 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 46, Sentence 7 0
No sentence-level conversations. Start one.
That said, you'd have had to wait up to seven years after the bust to break even.
New Writing Partner Conversation New Conversation
Paragraph 50 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 50, Sentence 1 0
No sentence-level conversations. Start one.
For the bear case, AJ Bell's investment director Russ Mould homes in on networking equipment giant Cisco (CSCO.O)

, opens new tab

New Writing Partner Conversation New Conversation
Paragraph 52 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 52, Sentence 1 0
No sentence-level conversations. Start one.
, one of the brightest stars of the late 1990s. Its stock shot up from $2 a share in 1995 to more than $80 at the peak of the bubble in 2000, doubling in price in 1999 alone.
New Writing Partner Conversation New Conversation
Paragraph 51 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 51, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 51, Sentence 3 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 51, Sentence 4 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 53 (Video 10) 0
No video-level conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Video 0
No video-level conversations. Start one.
Within 18 months, it was back at just $8 a share.
New Writing Partner Conversation New Conversation
Paragraph 54 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 54, Sentence 1 0
No sentence-level conversations. Start one.

Cisco still shy of its peak from 2000
New Writing Partner Conversation New Conversation
Paragraph 55 (Image 6) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

Cisco still shy of its peak from 2000
New Writing Partner Conversation New Conversation
Paragraph 56 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 56, Sentence 1 0
No sentence-level conversations. Start one.

IN THE LONG RUN, WE'RE ALL DEAD

New Writing Partner Conversation New Conversation
Paragraph 57 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 57, Sentence 1 0
No sentence-level conversations. Start one.
Cisco did eventually deliver as a business, as Mould points out. The company's bottom line has almost quadrupled in the past 25 years, with net income of more than $11 billion forecast this year alone on almost $57 billion of sales.
New Writing Partner Conversation New Conversation
Paragraph 58 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 58, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 58, Sentence 2 0
No sentence-level conversations. Start one.
But its stock price still hasn't recovered its March 2000 peak, when the firm's market cap of $550 billion was 200 times its annual income. Cisco's share price may have doubled over the past 10 years, but it remains 10% below the intraday peak at the dawn of the new millennium.
New Writing Partner Conversation New Conversation
Paragraph 59 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:59PM) : Past example more

Explains how even thought a company, Cisco, has been very successful, they still haven’t reached peaks that happened during the Dotcom bubble.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment
New Writing Partner Conversation New Conversation
Paragraph 59, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 59, Sentence 2 0
No sentence-level conversations. Start one.
Mould reckons Cisco is a lesson in how hard it can be to meet short-run expectations even if you do so in the long term.
New Writing Partner Conversation New Conversation
Paragraph 60 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 60, Sentence 1 0
No sentence-level conversations. Start one.
And, importantly, it's a reminder that stretched valuations provide little protection if growth rates suddenly slow and sales disappoint - something that should be top of mind for investors in defence software star Palantir, which currently has a forward price/earnings ratio of 216 times.
New Writing Partner Conversation New Conversation
Paragraph 61 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 61, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 62 (Image 7) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

Palantir's lofty valuations
New Writing Partner Conversation New Conversation
Paragraph 63 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 63, Sentence 1 0
No sentence-level conversations. Start one.

Perhaps Nvidia best embodies the conundrum facing tech investors today.
New Writing Partner Conversation New Conversation
Paragraph 64 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 64, Sentence 1 0
No sentence-level conversations. Start one.
On the one hand, the chipmaker's market cap - which recently eclipsed $5 trillion - today accounts for 16% of U.S. GDP, compared to some 5% for Cisco at its peak.
New Writing Partner Conversation New Conversation
Paragraph 65 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 65, Sentence 1 0
No sentence-level conversations. Start one.
However, looked at another way, Nvidia's valuation can look downright reasonable.
New Writing Partner Conversation New Conversation
Paragraph 66 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 66, Sentence 1 0
No sentence-level conversations. Start one.
"Nvidia's current rate of growth makes Cisco's look pawky by comparison, and the silicon chip specialist generates fatter profit margins and higher returns on capital than the telecom equipment giant ever did," Mould wrote, adding that Nvidia's stock is considerably better valued too at about 33 times forward earnings.
New Writing Partner Conversation New Conversation
Paragraph 67 0
profile_photo
Dec 1
Buddy K
Buddy K (Dec 01 2025 11:59PM) : Anti-reasoning more

Provides a reason why AI might not be a bubble like previous examples.

Comment Options ▼
Edit Comment Delete Comment Archive Comment Show Comment URL
New Conversation
Hide Full Comment
New Writing Partner Conversation New Conversation
Paragraph 67, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 68 (Image 8) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

Nvidia's earnings boom keeps valuations in check
New Writing Partner Conversation New Conversation
Paragraph 69 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 69, Sentence 1 0
No sentence-level conversations. Start one.

So can today's tech investors rest easy?
New Writing Partner Conversation New Conversation
Paragraph 70 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 70, Sentence 1 0
No sentence-level conversations. Start one.
Depends on their holding period.
New Writing Partner Conversation New Conversation
Paragraph 71 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 71, Sentence 1 0
No sentence-level conversations. Start one.
While the dotcom bubble is essentially a blip on a historical chart of the Nasdaq, it's easy to forget that the relentless bear market that followed lasted almost two years, and that it took about 15 years for the index to regain its peak.
New Writing Partner Conversation New Conversation
Paragraph 72 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 72, Sentence 1 0
No sentence-level conversations. Start one.
Stocks always go up, right? As long as you hold on forever.
New Writing Partner Conversation New Conversation
Paragraph 73 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 73, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 73, Sentence 2 0
No sentence-level conversations. Start one.
The opinions expressed here are those of the author, a columnist for Reuters
New Writing Partner Conversation New Conversation
Paragraph 74 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 74, Sentence 1 0
No sentence-level conversations. Start one.
-- Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn. Plus, sign up for my weekday newsletter, Morning Bid U.S.
New Writing Partner Conversation New Conversation
Paragraph 75 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 75, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 75, Sentence 2 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 75, Sentence 3 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 75, Sentence 4 0
No sentence-level conversations. Start one.

by Mike Dolan; editing by Jamie Freed

New Writing Partner Conversation New Conversation
Paragraph 76 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 76, Sentence 1 0
No sentence-level conversations. Start one.

DMU Timestamp: November 30, 2025 17:46

General Document Comments 0
New Writing Partner Conversation Start a new Document-level conversation

Image
0 comments, 0 areas
add area
add comment
  • Join an existing conversation — click the “Reply” button of the appropriate right pane comment
  • Start a new conversation on an existing area — Double click on the existing highlighted area or its comment balloon
  • Define and comment on a new area — Draw a box around the desired area by clicking and then holding + dragging your mouse
Start a new conversation about the image as a whole (no specific area) — click here
change display
hide comment areas
hide comment balloons
help
Video
add comment
  at current time
  at a different time
on whole video
help

How to Start with AI-guided Writing

  • Write a quick preview for your work.
  • Enable AI features & Upload.
  • Click Ask AI on the uploaded document.
    It's on the right side of your screen next to General Document Comments.
  • Select Quickstart Pathfinder & ask how to begin.
  • Click Continue.
  • Click Start Conversation. after the results appear.

Welcome!

Logging in, please wait... Blue_on_grey_spinner