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Comment on What is the catalyst that actually causes (financial) bubbles to burst?
1984@lemmy.today 2 months ago
Nothing is gonna make the so called bubble pop, since its not a bubble. Its more like the foundation for a high tech society that is being built right now.
High tech power stations, data centers, learning robots, surveillance systems, military systems… All based on Ai.
So while you watch dystopia grow up around you, you can make a few bucks in the stock market at least.
SaveTheTuaHawk@lemmy.ca 2 months ago
DrDickHandler@lemmy.world 2 months ago
It’s a foundation AND a bubble. These aren’t mutually exclusive. You must be living under a rock if you think their valuations are sustainable.
1984@lemmy.today 2 months ago
No, I just know how these things go.
Convince the people its a bubble, while big whales buy the stocks.
DrDickHandler@lemmy.world 2 months ago
Bubbles can take years to pop. November price action is irrelevant.
1984@lemmy.today 2 months ago
I think news about bubbles being close to popping is making people scared to invest money.
What other purpose do those news and discussions serve, if not to scare people?
I think its a big mistake to sit outside the market at this point. We likely wont have another rally like this for a long time.
Nalivai@lemmy.world 2 months ago
You hadn’t been around for dotcom craze then.
SaveTheTuaHawk@lemmy.ca 2 months ago
Or the sub prime mortgage craze. Everyone pays their mortgage? Right? Right?
1984@lemmy.today 2 months ago
I actually was. This is nothing like it.