The big news after the close on Friday was that the most exciting company on the planet (Nvidia) and the least exciting (Sherwin Williams Paints) were going to be added to the Dow 30 Industrial Average, which is far and away the most prestigious honor any public company can have. The Dow is to the Oscars what the S&P 500 is to the People’s Choice Awards. It’s a big, big deal.
And how much did NVDA explode higher this morning? 20%? 30%?
Neither. It went up precisely Dick% because the company is so laughably overvalued that even this amazing news couldn’t budge it.
