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Probably not a good thing that the central bank is speaking up. >>The most famous exception was former Fed chief Alan Greenspan, who warned of “irrational exub
by instagib 3y ago
Probably not a good thing that the central bank is speaking up.
>>The most famous exception was former Fed chief Alan Greenspan, who warned of “irrational exuberance” in the stock market in a speech in December 1996. Fueled by the tech bubble of the late 1990s, stocks didn’t top out for more than three years after Greenspan’s remarks, and ever since central bankers have mostly avoided commenting on asset values.<<
why the tech stocks are valued higher than the s&p:
https://schrts.co/rmEqWAFg https://schrts.co/rmEqWAFg
200% return over 5 years with Microsoft. 29x valuation.
157% return google. 21x
57% return S&P 500. 18x
814% Nvidia return. 31x
89% RSPT return (s&p tech ETF).