Skip to main content
Monthly Archives

June 2024

With S&P 500 At New Heights, Are We Gambling?

Last week, the Standard and Poor's 500 hit new highs. I'm in Vegas taking care of some business. Of course, Vegas is a great place to think about something that economists call the gambler's fallacy. NVIDIA is a chip maker, originally known for video games, and its valuation last week actually surpassed Apple to be the number two most valuable company in the world after Microsoft, which is its own behemoth. As I'm sure you're aware, artificial intelligence has swept both the tech industry and the markets by storm. In fact, now they're talking about selling PCs with AI built into them. No wonder NVIDIA has such a great future. NVIDIA and the other tech stocks have really pulled the S&P 500 to stratospheric highs. Whenever the markets are at highs, I think it's time to consider the concept of the gambler's fallacy. Simply put, the gambler's fallacy means a...
Read More