Jeff Guo

Let's have them, Jeff.

Okay.

Clue number one, high valuations.

That's when you see companies with really high stock prices that aren't actually making that much money right now.

Yeah, a really high price earnings ratio is a sign of optimism about the future.

Clue number two is volatility.

That's when you see individual stock prices in an industry just jumping around a lot.

Yeah.

Clue number three is issuance.

That's when you have a lot of new companies going public or a lot of existing companies issuing new shares of stock.

So they're taking more money from public investors, from the public.

Right.

And finally, clue number four is what they call acceleration.

That's when you see stock prices not just go up, but go up faster and faster.

Oh, so like if you look at the stock price, it's not like a straight line.

It's more of like an exponential whoosh.

And Robin was like, OK, on one hand, we do have some companies with high valuations.

For instance, NVIDIA's price earnings ratio right now is in the 40s, which is elevated.

The average for companies in the S&P 500 is more like in the 20s.

Also, we are seeing some increased volatility in how the prices are fluctuating from day to day.