38sec snip

The Compound and Friends cover image

Nvidia's AI Woodstock, Office RE crash, avoid equal-weighting Nick Colas and Jessica Rabe

The Compound and Friends

NOTE

Historical PE Levels and Market Trends

Sustained market rallies rarely start from a 34-shiller PE level. The only instances were the 18-month rally in Japan in 1989 and the US tech bubble of '98 and '99, both of which ended badly.

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