You’ve all seen how bonkers the charts are, but this one takes the cake: NVDA’s market cap is nearly 12% of the entire GDP of the United States. Compare that to the king of the Internet bubble disasters, Cisco. This analog has out-analog’d itself.
Just in case you think this is confined to one stock, rest assured, it is not. The “Buffett Indicator” just hit is HIGHEST LEVEL IN HISTORY.
At least there’s absolutely zero political and economic risk as far as the eye can see.
