The bull market of the early 1970s in the US was largely driven by a group of 50 'blue-chip' growth stocks called the 'Nifty Fifty' and included companies such as Xerox, IBM, Coca-Cola and Polaroid.
They were famously deemed as a 'one decision' trade to be bought and never sold. Their valuation reached an average P/E of 42x in 1972 before falling significantly from 1973, following the end of the...
Aiming to be top three UK financial planner
Will no longer be published from 2021
Latest news and analysis
Lowest measure since index launched in 1995
Will be 'core to all great portfolios'