The music will stop soon.
Beware Nvidia and the S&P 500 "Index Waltz," Says This Market-Beating Fund Manager
The current stock-market mania could come for your retirement accounts. Stock-market manias are contagious: They don't just affect the stocks at the center of the mania. They spread, affecting everything else.That's a major and rising risk for ordinary 401 and IRA investors right now. It's a danger as they get sucked into mania stocks like skyrocketing chip maker Nvidia . But it's also a danger if you think you're shunning these hot names by buying simple index funds like the SPDR S&P 500 ETF Trust SPY.To understand this danger, listen to Francois Rochon, a veteran money manager for private clients who is based just north of the border in Montreal. In a fascinating letter to clients, the founder and CEO of Giverny Capital warns them to beware of the "index waltz.". This may be where we are now. It is notable that ordinary U.S. investors are now flooding into the stock market again, after shunning it during the bear market of the previous two years. According to the Investment Company
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