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
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- How bad could things get in France?
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- 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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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer