Cheer up NVDA bulls
Posted: Apr 20, 2024
- The post discusses the correlation between the SPY stock index and the total public debt as shown in the FRED chart. - Indicates that US federal deficits are unlikely to disappear soon, suggesting stocks will return to all-time highs (ATH) quickly. - The poster mentions buying NVDA stock at 787 and believes in its long-term potential despite potential short-term downsides. - Mentions that regardless of economic factors like rate cuts or war, productive companies will continue to thrive. - Overall, the poster is bullish on NVDA but acknowledges potential short-term risks.
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