With rates being so low, the Fed made it viable to own excessively long-duration bonds and stocks. Even taking the two per cent average over the past decade, this means you would be comfortable investing if you got those two birds out within a whopping 36 years.
Fast forward to today and you have the exact same situation playing out with companies such as Nvidia Corp. trading at more than double what the entire global semiconductor industry will earn in revenue in 2023 and nearly double what it will get in 2024, according to financial pundit Samantha LaDuc.
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