Frustration mounts in the investment sphere as soaring prices and minimal pullbacks perplex investors, prompting Warren Buffet to hoard $188 billion in cash due to lack of viable investment options. The market’s relentless climb, exemplified by Nvidia’s staggering $400 billion surge in just 11 days, leaves investors eagerly awaiting a substantial downturn.
Buying stocks at 21 PE’s just isn’t a good investing strategy.
Every great investor knows you have to buy good stocks at the right price.
So we all just sit here and wait for a real pullback.
It gets very boring
— QE Infinity (@StealthQE4) May 7, 2024
This is incredible:
Nvidia, $NVDA, has now added $400 BILLION in market cap since its bottom on April 19th.
That's $400 billion over 11 trading days or $36 billion PER TRADING DAY.
After falling over 20% from its high, $NVDA is currently just 6% away from a new all time high.… pic.twitter.com/B5aE7UWb77
— The Kobeissi Letter (@KobeissiLetter) May 6, 2024
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