Think Nvidia looks dear? American shares could get pricier still
Investors are willing to follow whichever narrative paints the rosiest picture
How can you tell it is time to get out of the market? In 1929 Joseph Kennedy, an American businessman and politician, supposedly realised the party was over upon hearing a shoeshine boy dispensing stock tips. In 2000 the exit doors beckoned after 17 “dotcom” firms paid millions of dollars each for brief advertising slots during the Super Bowl, an American-football extravaganza.
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This article appeared in the Finance & economics section of the print edition under the headline “Buckle up, buttercup”
Finance & economics June 22nd 2024
- Why house prices are surging once again
- How bad could things get in France?
- Europe faces an unusual problem: ultra-cheap energy
- Indian state capitalism looks to be in trouble
- America’s rich never sell their assets. How should they be taxed?
- Think Nvidia looks dear? American shares could get pricier still
- Is America approaching peak tip?
From the June 22nd 2024 edition
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