Part 5/8:
The present stock market valuation trends surpass even those during the dot-com bubble of the early 2000s. Take Tesla, for example. Investors are celebrating when shares hit arbitrary milestones, like $420, which amusingly aligns with cannabis culture, candidly exemplifying market absurdities.
The narrative continues with Nvidia, which is being projected as a $10 trillion company—yet their soaring revenue is primarily a reaction to AI demand, creating unrealistic expectations for sustained growth. Coupled with unprecedented levels of speculation and hype, this concoction not only fosters volatility but potentially sets the stage for a market correction.