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Re: wadegarret post# 109038

Friday, 12/01/2023 4:05:13 PM

Friday, December 01, 2023 4:05:13 PM

Post# of 114148
wadegarret: The budget war in Congress will soon be upon us. In January, people are going to freak when they see the interest on their credit-card purchases. Yet all the talking heads on CNBC go on about is the potential for the Fed reversing course next year. That is a smoke screen. MSFT should be the next AI high flyer. Personally, I'd like to see an international consortium of countries put the kibosh on AI before it is too late for humanity. It keeps Musk up at night.
Now, do U want to see a stock that is a ridiculous joke--Eli Lilly (LLY). Check out the PE and the dividend. They are working on an oral pill version of their weight-loss blockbuster, but will it be affordable to the masses? Will sales of that drug drop the PE to even 50?
NVDA and LLY are the poster children for irrational exuberance in the market.

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