+关注
Jeeshen
暂无个人介绍
IP属地：未知
2
关注
0
粉丝
0
主题
0
勋章
主贴
热门
Jeeshen
2021-04-21
Gg
抱歉，原内容已删除
Jeeshen
2021-04-21
$200 soon
Tesla stock dropped more than 2% in morning trading
Jeeshen
2021-04-21
Ok
抱歉，原内容已删除
Jeeshen
2021-04-21
Nice
The FAANG Stocks Could Fall, if History Is Any Guide
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3580700997368896","uuid":"3580700997368896","gmtCreate":1617607848994,"gmtModify":1620784468120,"name":"Jeeshen","pinyin":"jeeshen","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":4,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":378156111,"gmtCreate":1619012611333,"gmtModify":1634289233778,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378156111","repostId":"1181510659","repostType":2,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378151601,"gmtCreate":1619012555403,"gmtModify":1634289234862,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"$200 soon ","listText":"$200 soon ","text":"$200 soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378151601","repostId":"1114709501","repostType":4,"repost":{"id":"1114709501","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619012348,"share":"https://www.laohu8.com/m/news/1114709501?lang=&edition=full","pubTime":"2021-04-21 21:39","market":"us","language":"en","title":"Tesla stock dropped more than 2% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1114709501","media":"Tiger Newspress","summary":"Tesla stock dropped more than 2% in Wednesday morning trading.The launch of Tesla's super plant in B","content":"<p>Tesla stock dropped more than 2% in Wednesday morning trading.The launch of Tesla's super plant in Berlin is likely to be significantly delayed,according to German business daily.</p><p><img src=\"https://static.tigerbbs.com/b525edb3c12a6ee6740baf665aa59a9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, Zhengzhou Zhengdong New District Municipal Supervision Bureau ordered Tesla to provide the complete driving data half an hour before the accident unconditionally; in addition, in the first quarter, the registration volume of model 3 in California dropped 54% to 8060 vehicles year on year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla stock dropped more than 2% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla stock dropped more than 2% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-21 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla stock dropped more than 2% in Wednesday morning trading.The launch of Tesla's super plant in Berlin is likely to be significantly delayed,according to German business daily.</p><p><img src=\"https://static.tigerbbs.com/b525edb3c12a6ee6740baf665aa59a9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, Zhengzhou Zhengdong New District Municipal Supervision Bureau ordered Tesla to provide the complete driving data half an hour before the accident unconditionally; in addition, in the first quarter, the registration volume of model 3 in California dropped 54% to 8060 vehicles year on year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114709501","content_text":"Tesla stock dropped more than 2% in Wednesday morning trading.The launch of Tesla's super plant in Berlin is likely to be significantly delayed,according to German business daily.Previously, Zhengzhou Zhengdong New District Municipal Supervision Bureau ordered Tesla to provide the complete driving data half an hour before the accident unconditionally; in addition, in the first quarter, the registration volume of model 3 in California dropped 54% to 8060 vehicles year on year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378182725,"gmtCreate":1619011160067,"gmtModify":1634289250967,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/378182725","repostId":"1181510659","repostType":2,"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378182545,"gmtCreate":1619011145087,"gmtModify":1634289251206,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378182545","repostId":"1181510659","repostType":2,"repost":{"id":"1181510659","pubTimestamp":1619010124,"share":"https://www.laohu8.com/m/news/1181510659?lang=&edition=full","pubTime":"2021-04-21 21:02","market":"us","language":"en","title":"The FAANG Stocks Could Fall, if History Is Any Guide","url":"https://stock-news.laohu8.com/highlight/detail?id=1181510659","media":"Barrons","summary":"Something was bubbling in mutual funds. Funds “specializing in growth and scientific stocks hit the ","content":"<p>Something was bubbling in mutual funds. Funds “specializing in growth and scientific stocks hit the jackpot in the closing weeks of September,”<i> Barron’s</i> wrote on Nov. 1, 1965. Turning up regularly among the funds’ biggest holdings were names like IBM,Xerox,Eli Lilly,General Electric,and Gillette.</p>\n<p>A few months later, funds that had “packed their portfolios” with “glamour stocks” were enjoying “a sparkling market performance,” we wrote. Led by companies like Johnson & Johnson,Eastman Kodak,3M,IT&T, Polaroid,Revlon,and Sears,the funds “have been outpacing the Dow Jones Averages by the widest margins in years.”</p>\n<p>Welcome to the Nifty Fifty, the 1960s-70s version of today’s FAANGs — Facebook,Apple,Amazon.com,Netflix,and Google parent Alphabet.It was a group of well-known stocks that everybody loved despite wildly high valuations that had little basis in market fundamentals.</p>\n<p>Some observers, such as<i> Barron’s</i> columnist Alan Abelson, thought such irrational investing would lead to a fall, and it did. The 1973-74 recession, accompanied by a bear market, would be the longest since 1930, later to be topped by the recession of 2007-09 caused by the housing market bubble, also preceded by the dramatic rise of a few corporate giants.</p>\n<p>Will things end any differently this time?</p>\n<p>The Nifty Fifty was an informal designation for a group of blue-chip stocks that seemed so solid they gave rise to the popular idea of buy-and-hold investing. Their high price/earnings ratios—often over 50—became selling points, seals of market approval.</p>\n<p>Abelson had his doubts. In 1968, he called Xerox “a first-class outfit by any measure,” and cited its strong quarterly earnings. But, he wondered, “does a 15% growth rate warrant a 50-plus P/E?”</p>\n<p>The Nifty Fifty was still flying in May 1972 when Abelson estimated that the Dow Jones Industrials as a group had a P/E of 15. That was dwarfed by those of “growth issues” such as Eastman Kodak, 42 times earnings; Burroughs, 42; Avon, 60; Xerox, 53; Kresge (later renamed Kmart), 40;Coca-Cola,42; and Polaroid, 90.</p>\n<p>Things would turn quickly. By November of 1972,<i>Barron’s</i> reported that net mutual-fund redemptions would top $1 billion for the year. The bear market officially began in January 1973, and the Nifty Fifty didn’t escape the pain.T. Rowe Price’s Growth Stock fund would drop 50% in two years.</p>\n<p>In July 1974, after a particularly bad week in the market, Lawrence A. Armour, writing the The Trader column, observed that “even greater damage was inflicted over in the glamour category, where the old Nifty Fifty—now known as the Dirty Thirty—took another beating.” Kodak,Honeywell,IBM, and Texas Instruments were among those that got clobbered.</p>\n<p>By the end of the decade, “ ‘Nifty Fifty’ was a byword of ridicule, a reminder of Wall Street’s follies,”<i>Barron’s</i> wrote. “A bear market and a decade of inflation had crushed the premium price/earnings multiples.”</p>\n<p>Or had it?</p>\n<p>In March 1999, our Andrew Bary pondered “the phenomenal ascent” of stocks like Microsoft,Cisco Systems,Dell Computer, Pfizer,and Wal-Mart.“Not since the fabled Nifty Fifty market of the early 1970s has a favored group of stocks came close to reaching the heights now occupied by the current leaders,” Bary wrote. The dot-com bubble soon burst.</p>\n<p>Now, those heights are occupied by the FAANGs. Are things really different this time? Maybe. In October 2018, Al Root wrote that tech stocks in 2000 traded at a 200% premium to the market, while the FAANG premium was just 30%.</p>\n<p>And though growth stocks have been getting “crushed” this year, as <i>Barron’s</i> wrote on April 7, “more-mature growth companies” such as Apple, Facebook, and Alphabet continue to flourish.</p>\n<p>As for the Nifty Fifty, the news isn’t all bad. Many of those big-name companies continue to survive and thrive. And a study by Jeremy Siegel showed, according to<i> Barron’s</i> in 1999, that “an investor paying top dollar for the Nifty Fifty in late 1972 would have earned nearly the same returns over the next 25 years as someone holding the S&P 500.”</p>\n<p>Not much of a return for “growth issues,” to be sure, and a cautionary note for those buying and holding the FAANGs.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The FAANG Stocks Could Fall, if History Is Any Guide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe FAANG Stocks Could Fall, if History Is Any Guide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 21:02 GMT+8 <a href=https://www.barrons.com/articles/the-faang-stocks-could-fall-if-the-history-of-the-nifty-fifty-is-any-guide-51619004600?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Something was bubbling in mutual funds. Funds “specializing in growth and scientific stocks hit the jackpot in the closing weeks of September,” Barron’s wrote on Nov. 1, 1965. Turning up regularly ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-faang-stocks-could-fall-if-the-history-of-the-nifty-fifty-is-any-guide-51619004600?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A",".SPX":"S&P 500 Index","AAPL":"苹果","AMZN":"亚马逊","NFLX":"奈飞","GOOG":"谷歌","MSFT":"微软",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/the-faang-stocks-could-fall-if-the-history-of-the-nifty-fifty-is-any-guide-51619004600?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181510659","content_text":"Something was bubbling in mutual funds. Funds “specializing in growth and scientific stocks hit the jackpot in the closing weeks of September,” Barron’s wrote on Nov. 1, 1965. Turning up regularly among the funds’ biggest holdings were names like IBM,Xerox,Eli Lilly,General Electric,and Gillette.\nA few months later, funds that had “packed their portfolios” with “glamour stocks” were enjoying “a sparkling market performance,” we wrote. Led by companies like Johnson & Johnson,Eastman Kodak,3M,IT&T, Polaroid,Revlon,and Sears,the funds “have been outpacing the Dow Jones Averages by the widest margins in years.”\nWelcome to the Nifty Fifty, the 1960s-70s version of today’s FAANGs — Facebook,Apple,Amazon.com,Netflix,and Google parent Alphabet.It was a group of well-known stocks that everybody loved despite wildly high valuations that had little basis in market fundamentals.\nSome observers, such as Barron’s columnist Alan Abelson, thought such irrational investing would lead to a fall, and it did. The 1973-74 recession, accompanied by a bear market, would be the longest since 1930, later to be topped by the recession of 2007-09 caused by the housing market bubble, also preceded by the dramatic rise of a few corporate giants.\nWill things end any differently this time?\nThe Nifty Fifty was an informal designation for a group of blue-chip stocks that seemed so solid they gave rise to the popular idea of buy-and-hold investing. Their high price/earnings ratios—often over 50—became selling points, seals of market approval.\nAbelson had his doubts. In 1968, he called Xerox “a first-class outfit by any measure,” and cited its strong quarterly earnings. But, he wondered, “does a 15% growth rate warrant a 50-plus P/E?”\nThe Nifty Fifty was still flying in May 1972 when Abelson estimated that the Dow Jones Industrials as a group had a P/E of 15. That was dwarfed by those of “growth issues” such as Eastman Kodak, 42 times earnings; Burroughs, 42; Avon, 60; Xerox, 53; Kresge (later renamed Kmart), 40;Coca-Cola,42; and Polaroid, 90.\nThings would turn quickly. By November of 1972,Barron’s reported that net mutual-fund redemptions would top $1 billion for the year. The bear market officially began in January 1973, and the Nifty Fifty didn’t escape the pain.T. Rowe Price’s Growth Stock fund would drop 50% in two years.\nIn July 1974, after a particularly bad week in the market, Lawrence A. Armour, writing the The Trader column, observed that “even greater damage was inflicted over in the glamour category, where the old Nifty Fifty—now known as the Dirty Thirty—took another beating.” Kodak,Honeywell,IBM, and Texas Instruments were among those that got clobbered.\nBy the end of the decade, “ ‘Nifty Fifty’ was a byword of ridicule, a reminder of Wall Street’s follies,”Barron’s wrote. “A bear market and a decade of inflation had crushed the premium price/earnings multiples.”\nOr had it?\nIn March 1999, our Andrew Bary pondered “the phenomenal ascent” of stocks like Microsoft,Cisco Systems,Dell Computer, Pfizer,and Wal-Mart.“Not since the fabled Nifty Fifty market of the early 1970s has a favored group of stocks came close to reaching the heights now occupied by the current leaders,” Bary wrote. The dot-com bubble soon burst.\nNow, those heights are occupied by the FAANGs. Are things really different this time? Maybe. In October 2018, Al Root wrote that tech stocks in 2000 traded at a 200% premium to the market, while the FAANG premium was just 30%.\nAnd though growth stocks have been getting “crushed” this year, as Barron’s wrote on April 7, “more-mature growth companies” such as Apple, Facebook, and Alphabet continue to flourish.\nAs for the Nifty Fifty, the news isn’t all bad. Many of those big-name companies continue to survive and thrive. And a study by Jeremy Siegel showed, according to Barron’s in 1999, that “an investor paying top dollar for the Nifty Fifty in late 1972 would have earned nearly the same returns over the next 25 years as someone holding the S&P 500.”\nNot much of a return for “growth issues,” to be sure, and a cautionary note for those buying and holding the FAANGs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":378182725,"gmtCreate":1619011160067,"gmtModify":1634289250967,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/378182725","repostId":"1181510659","repostType":2,"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378156111,"gmtCreate":1619012611333,"gmtModify":1634289233778,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378156111","repostId":"1181510659","repostType":2,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378151601,"gmtCreate":1619012555403,"gmtModify":1634289234862,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"$200 soon ","listText":"$200 soon ","text":"$200 soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378151601","repostId":"1114709501","repostType":4,"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378182545,"gmtCreate":1619011145087,"gmtModify":1634289251206,"author":{"id":"3580700997368896","authorId":"3580700997368896","name":"Jeeshen","avatar":"https://static.tigerbbs.com/8d17f2629ec438903b2a75695834e772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580700997368896","authorIdStr":"3580700997368896"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378182545","repostId":"1181510659","repostType":2,"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
