Investors' FOMO and Index Distortions: The Magnificent Seven's Weight-Loss Plan
Originally Published 2 years ago — by MarketWatch
Wall Street strategist Torsten Slok has compared the "Magnificent Seven" stocks of today to the "Nifty 50" names of the 1970s, noting similarities in extreme concentration and earnings multiples. The comparison also revealed similarities to the dot-com era's S&P 500 information-technology sector.