CHART OF THE DAY: #BubbleCaps Still Have Elevated Valuations

08/09/22 07:50AM EDT

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

I know, “no one” owns NVIDIA (NVDA) anymore. AFTER crashing -60% from its #Quad2 in Q4 of 2021 peak, then having a bear market bounce to lower-highs, then getting body bagged on pre-announcing the reality of The Quads yesterday, it still has a $445B cap.

$445 BILLION in MARKET CAP, trading post crash at 48x PEAK (trailing) GROWTH bubble earnings born out of +12.23% GDP.

Unless you have no experience risk managing US Recessions, of course you wouldn’t own NVDA at that “valuation” into the upcoming PROFIT Recession for Tech, Crypto, Comms, etc. That’s why you’d prefer chasing a bad company with no profits and a cool meme?

CHART OF THE DAY: #BubbleCaps Still Have Elevated Valuations - gbg

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