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Bullishness Approaching Mania | Peter Atwater on Market Psychology And “The Confidence Map”
Forward Guidance
The Magnificent Seven and the Seven Wonders of the World
I think the 2017 correction was a little bit more extreme than the 2022 correction. Things can always get bigger, not that I'm calling stocks bubble now. The panics can always get worse. To me, it's a question of degree. And you have companies like NVIDIA that are trading at 45 times just these astronomical relative valuations. You also have that in the mega cap stocks. For every dollar that goes in, 25 cents, 30 cents is going into those Magnificent Seven. So we have to remember that that's propelling the value.
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