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Is The Ongoing Meltup A Gift? Or A Danger? | Lance Roberts & Adam Taggart
The S&P is at yet another record high in a week that saw the second-biggest 1-day gain in market cap in history after Nvidia (NVDA) delighted investors with blowout revenue& earnings growth. The bulls are stampeding hard now and FOMO-driven momentum chasers are back. Stocks remain solidly in short-term overbought territory. Valuation metrics of many companies like price-to-earnings & price-to-sales are being stretched, taffy-like, to extremes rarely seen. Are markets back to 'irrational exuberance'? Or is this just a great time for investors to make gains? Portfolio manager Lance Roberts…
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