The Fed sees no bubbles

June 22, 2023 8:47 am by Alex

Buying NVIDIA shares today costs you 40 times historical annual revenues. That's 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio. Good luck! pic.twitter.com/tYUZc3Ito8

— Michal Stupavsky, CFA (@MichalStupavsky) June 20, 2023

See also Tech giants keep hyping AI revolution publicly and quietly kill projects when costs explode. These are obvious bubbles, it’s not even an argument at this point. The most overvalued market in half a century. And retail is still buying.

This is the Fed’s idea of “tightening”

Whenever I hear someone mention QT as if it's a real thing I just look at this chart and smile. pic.twitter.com/HBj5SvcPxY

— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 19, 2023

See also Jim Grant on the AI boom: "I think that today is one of the greatest bubbles of all time."

h/t Simian_Stacker