Nvidia Touches $1 Trillion Market Valuation
Bloomberg Businessweek
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The Market's Anticipation of an Earnings Recovery Year
The lesson that we know about years when there's down earnings or not a very good earnings year is that the market A number one kind of anticipates that the year before, which is why you have a down year like we had last year. And then secondly, it starts to anticipate an earnings recovery year, the following year, which iswhy you get a rally into the end of the down earnings year. I think that as long as the economy holds in there, the market will price put a high multiple on next year's earnings estimate at least this year.
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