NVDA Stock Alert: Nvidia Is Racing Toward the $3 Trillion Mark | InvestorPlace
I had no idea it was that large.
Stock Market 1929: The Highest Point Before the Crash | TIME
[In 1929] Yale economist Irving Fisher was jubilant. “Stock prices have reached what looks like a permanently high plateau,” he rejoiced in the pages of the New York Times.
Harvard economist Milton Friedman pronounced him “the greatest economist the United States has ever produced.”
I think Irving Fisher is universally respected by (not Marxist) economists because conservatives like his pre-depression stuff and liberals and progressives like his post-depression stuff. He lost everything, millions of dollars, in the crash, and he was a fund manager so he also lost millions of other people's money too.
i saw this graphical articulation of economic bubbles a long time ago, and i've thought about it a lot over the years. especially the peak moment / "New Paradigm" moment of maximum mass delusion, where it feels like everyone you see on the street is leveraging their entire ass to buy more securities and bragging about the infinite growing future.
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This AI grift era seems like it has a ton of legs left tbh, could probably keep milking it for a few years
Made it past 3T and passed Apple. Still second to MS.
