NOT that this means anything but just another fun fact to add to the 46th record s&p closing of 2024! As of 2024-10-14 03:15:00 PM CDT (updates daily): The Stock Market is Significantly Overvalued according to Buffett Indicator. Based on the historical ratio of total market cap over GDP (currently at 202.1%), it is likely to return -0.1% a year from this level of valuation, including dividends.
Decade of Big S&P 500 Gains Is Over, Goldman Strategists Say https://www.bloomberg.com/news/arti...oldman-strategists-say?srnd=homepage-americas The S&P 500 Index is expected to post an annualized nominal total return of just 3% over the next 10 years, according to an analysis by strategists including David Kostin. That compares with 13% in the last decade, and a long-term average of 11%.
Kostin also said the market is going to end 2024 at 5200. He is a bear like most who work for the large banks. JP Morgan analysts have been bearish since 2021.
Nvda just added a quarter of a trillion dollars in market capitalization in 1 week alone!!! I hope earnings can keep the stock afloat come November 19th when they report!!! Fear of missing out is running rampant!!!
NVDA will probably get to $175 by the earnings report. That's probably the best case scenario. That would be a $4.2 Trillion market cap.
Better hope those earnings are literally the best the universe has ever seen because at that valuation they better be, the most expensive company in the entire world better show the best earnings it has ever shown...... This company is now very much priced in going into earnings, a 175 dollar stock price into earnings will be fully valued and just a slither of a miss on any number will drop this stock so fast that it will break it's old record of most market capitalization ever lost in a single day at over half a trillion dollars!!!