Think Nvidia looks dear? American shares could get pricier still
Investors are willing to follow whichever narrative paints the rosiest picture
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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?
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