1) Very clear overvaluation. There are 5 different approaches to this: i) The P/E rises to c45X to 73X for at least 30% of market cap on a 10 year bond yield of, at least, 5.5% in previous bubbles. Currently, the Mag 6 trade on 35X 12 month trailing; ii) The ERP falls to c1% (2000, 1929); iii) Investors move away from conventional valuations to unconventional (land value in Japan in 1989 or eyeballs in TMT) or just focus relative value; iv) TAMs (Total Addressable Market) required to justify valuations beco ...

I'll send things back over to you at five below 5%. >> We'll be sure to check that out. Thank you Dom.>> Let's dive deeper on shares of Nvidia. Of course lower as Dom was pointing out, only by about 2 or 3%. 1.6%, in fact, in the premarket following their earnings last night.Ben Reitzes, the head of technology research, who just raised his price target, joins us now. Very good morning to you, Ben. Thanks for joining us.Headline quick snapshot on these numbers. >> Well, I thought they were very solid. I thin ...