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Comment on What is the catalyst that actually causes (financial) bubbles to burst?
1984@lemmy.today 3 weeks 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 3 weeks ago
DrDickHandler@lemmy.world 3 weeks 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 3 weeks ago
No, I just know how these things go.
Convince the people its a bubble, while big whales buy the stocks.
Nalivai@lemmy.world 3 weeks ago
You hadn’t been around for dotcom craze then.
SaveTheTuaHawk@lemmy.ca 3 weeks ago
Or the sub prime mortgage craze. Everyone pays their mortgage? Right? Right?
1984@lemmy.today 3 weeks ago
I actually was. This is nothing like it.
DrDickHandler@lemmy.world 3 weeks ago
Bubbles can take years to pop. November price action is irrelevant.
1984@lemmy.today 3 weeks 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.