Yes, 1987 through until 2018.
31 years.
Let me know if you need the data.
I think the total market cap was bigger in 1987 nominally than now even and in real terms FAR FAR bigger.
Printable View
NVDA is the canary.
Google's obnoxious AI overviews is getting trashed everywhere you look online as it is pants (coming to NZ soon). Such a visible failure suggests the end of AI for AI's sake is near.
Will lead to a focus on revenue and that is where the AI boom like most booms will be found wanting. A focus on revenue, will lead to optimising capital expenditure and further efficiency improvements along the lines of GPT-4o. Doing a bit less, faster with much smaller models. All leads to less need for Nvidia's products and ultimately data centre capacity.
Thanks Sailor, that's shocking.
Our entire market, according to that blackrock guy on cnbc, is just $90b USD.
I had no idea it was that low.
I wonder if we're approaching that 1987 moment where NZers walk away from our market for 20 plus years...or forever.
Here ya go. Its a log scale chart. Monthly. Sorry, it looks like its been re-scaled smaller when I added it
Attachment 15110
Thank you, Cause. That's incredibly interesting.
A great chart.
Now my thoughts are this. I only got to retire early because I held my nose and invested in that stomach churning period from 2009 to 2013 and kept on investing.
I'm only 8 per cent NZ shares, partly because performance has been so poor relative to everything else. I never started at 8 per cent!
I do like to tinker, which almost always never works out. Nonetheless, I'm tempted to do a bit of rebalance and increase my NZ shares to 10 percent. I'd do it via Simplicity's NZ Share fund because of its very low fees.
I always have 5 per cent cash, so I might dip into that.
Just thinking out loud here.
Everything feels like such a turd sandwich in this country now.
But have we reached peak turd sandwich. I don't know.
@Bull, did you see this? Interesting
https://www.zerohedge.com/markets/wa...ly-capitulates