Way back in 1996, when I was a cub reporter for The Wall Street Journal, then-Federal Reserve Chairman Alan Greenspan made a speech in Washington that rocked the financial world.
"But how do we know when irrational exuberance has unduly escalated **** et values, which then become subject to unexpected and prolonged contractions," Greenspan famously said.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors around the world listened and then sold on the warning. However, the sell-off was brief, and the dot-com bubble continued to inflate for three more years before crashing in early 2000, wiping 78% from the Nasdaq Composite and 49% from the S&P 500 by October 2002.
What might Greenspan, if he were still alive, say about the current stock market?
#NVIDIA #flashing
"But how do we know when irrational exuberance has unduly escalated **** et values, which then become subject to unexpected and prolonged contractions," Greenspan famously said.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors around the world listened and then sold on the warning. However, the sell-off was brief, and the dot-com bubble continued to inflate for three more years before crashing in early 2000, wiping 78% from the Nasdaq Composite and 49% from the S&P 500 by October 2002.
What might Greenspan, if he were still alive, say about the current stock market?
#NVIDIA #flashing
23 days ago
