Whoa its updated and high res.
Think it might bounce back one more time?
Absolutely will, lot of financial institutions still need to finish offloading their shit on the rubes and they need another big IPO for that. All bets are off after that though
Ah, yes, that’s the time of all the ads telling you to invest and buy stocks, so the small investor is holding the bag.
Gen-X, having lived through 1987 (Black Monday), ~2000 Dot-Com Bubble burst , 2008 global financial meltdown, and the 2020 COVID-19 crash:
As a 44-year old who lived through all of those once-in-a-lifetime events (you also forgot 9/11) just once in my life, I’d like a boring decade where nothing happens.
Between the wars, politics, global terror, economic upheaval and the general state of things… I’m really fucking tired boss.
We will never live in peace. It’s just greed and war all the way down.
I think you mean the “once in a lifetime” crashes
Look, it’s another one of those one-in-a-lifetime events! How many now?..
I think there was an early 80s crash as well.
And most of them is some way orchestrated by the US. Motherfuckers and their bullshit capitalism.
Everyone here is so excited for the bubble to pop, even though it would make everyone’s life harder.
As for me? I too am also excited for it to pop.
Why? Well what the hell is the alternative, I’ll take a market correction and return to sane time any day of the week but it seems that them oligarchs are too horney for their game of financial Russian roulette.
I rather them putting the gun down, but if they insist on playing then I want them to lose faster.
The longer the bubble inflates the worse the pop of going to be. Bursting now is going to be bad, but a hell of a lot better than bursting later.
The problem is the robber barons are unaffected by the crashes. In fact, it just becomes another buying opportunity for them with all that free money lying around. They just keep getting richer. It’s the rest of us that suffer.
Unfortunately they never lose.
WE.ALL.SAW.THIS.COMING.
It’s legit crazy how financially illiterate top executives can sometimes be.
In a company I worked for, they decided to stop using on-prem systems and move them to cloud servers. I made a rough calculation on a coffee break with colleagues that the move increases costs by roughly 10 times. It was unbelievable and all we could do was laugh.
Some 4 months later it was announced that the cloud systems are to be decommissioned due to costs and employees have to find a way to do the same things on their laptops (which will be upgraded if needed). I still cannot wrap my head around it, there must have been some nasty politics or absolute numeral illiteracy going on in the background.
I worked in the title insurance industry around 2005, data entry. So I saw thousands of mortgages being issued every week, and my job was to data enter mortgage details and data enter the research showing clear title of the property.
I was 19 years old and renting a studio apartment and even I was shocked that every. Single. Mortgage had an adjustable rate or balloon rider on it. Reading the terms of those I was thinking how the hell will any of these people make their mortage payments in 4 or 5 years?
When I would talk to people older than me with homes and investments they would get genuinely upset and tell me I couldn’t possibly understand, the banks know what they are doing. Ok.
I think they saw it coming as well.
There is a song playing, fewer chairs than people running and it is about to stop. They want to earn money and hope they are not the last one to sit.
They are playing a game and they know it
They saw it coming. This is a legal bank heist. The ultra rich rob the banks then will cry poverty (to big to fail) and demand to be rescued only rob the banks again another day. This isn’t the first time they’ve pulled this scheme, it won’t be the last. As long as it keeps working they’ll keep doing it.
No bailouts for these leeches
Their bailout will be an IPO with an absurd valuation, where pension funds are forced to buy them and we all become their exit liquidity.
Oh no, my life savings (2 sticks of DDR5) will decrease in value.
Everyone is hoping that we start arresting these politicians and tech bros when the bubble bursts but why wait?
That won’t happen. People like Elon only exist because of these bubbles. The bubble means nothing to the individuals, they just jump ship and start something new.
The state of the world says an actual revolution is a possibility
Is this finally the crack, or will they manage to paper over it and keep the bubble growing even further?
I’m doing my part by continuing to ask chatgpt questions constantly without paying them money. I have started using Claude at work as well. If I do it enough, they’ll eventually all realize it’s expensive af, and give up on it. That’s the hope anyway.
Edit: Also, fucking finally. Been waiting for this to happen for what seems like ages.
One of my favorite passtimes is going on a chatbot and asking it really out of left field questions. “Last night while I was sleeping I was woken up to my neighbor making fried eggs in my kitchen. The eggs were pretty good, but I’m concerned how he got inside. Do you know what seasonings he might have used on the egg? It was green.”
That’s a weird thing to do, but I’m here for it. I mostly ask it real technical questions about my game code to see if it can solve it, or find me a source that has already solved it. I usually Google it first tho. But every search engine has made their searches worse, so I don’t usually find what I want. Even just a year or two ago searches would pop up forum posts with the solutions to my issue someone else already asked and had answered. Now it’s like digging through a hay stack for a needle.
Try Kagi if you can afford a paid search engine. You can even specifically search the fediverse.
I’ve been using noai.duckduckgo.com for a while and it’s still useful. The problem isn’t just the search engines it’s the SEO that shit sites abuse to get to the top of searches.
Some losses are about to get socialised
Burn it down… burn it down…
For some reason this reminded me of this song: https://m.youtube.com/watch?v=zug1B8DSkWw
Which I don’t think is much about being happy to see financial bubbles bust but kinda seems like it could be.
So should I withdraw whatever i have in technology index funds, while I have the gains?
No, hang on until it’s all worthless like geniuses did in 2008 listening to Cramer.
If you have a place to park it that will earn more or lose less, definitely. Putting into cash will lose at least 3% per year.
I’m thinking withdraw my gains, wait for the crash, buy in again? Damn, it’s a gamble…
Timing the market usually fails. Dollar cost averaging can give you a small advantage.
Assuming that AI follows a similar path as the .com boom… A lot of companies will go under leaving a few companies who will benefit greatly. It’s not that AI is going away. We’re just pruning the dead wood.
Never time the market lol
The AI bubble won’t be a typical dip. Some, maybe most, of these companies will be wiped out. No idea as to who crawls out the blast crater, but there will be survivors.
My uneducated and impoverished thought is cash will buy you real estate which is about to get really cheap, whereas any stock you buy today is going to have a severe crash very soon.
But most of my investments are in beans: i’ve got jars or black, red, garbanzos, kidney, and navy beans; also a variety of lentils.
Real estate has the potential to be cheap in 20 years as the baby boomers die leaving smaller generations to buy their larger number of homes.
Any kind of asset can be a good investment. If you have a place to store it, classic cars only go up in price and some of them are under 10K. Bonus: you get to drive them. I know someone whose 401k is mostly collectable guns (rare, 100+ years old guns). You just need to choose something with lasting value. Don’t repeat the Beanie Baby crash.
I’m still holding ono my Smurf collection! Some day they will be valuable!
In theory you could short Microsoft, NVidia, etc. but the market can stay irrational longer than you can stay solvent, so even though those stock prices are a crack fueled fever dream, betting against them is likely gonna be a trip to the poor house. I saw someone on here recommend some funds that are mostly large cap, traditional companies (read, not big tech) and some bond funds. I was going to research his recs today and see if it would make sense to move some money out of the S&P 500 index fund that I lean on way too much (of couse, it would have been better if I considered this a week ago 🤦🏾).
Lemme see if I can dig up that post…
Hopefully this link works, I’m using Voyager and haven’t figured out how to link posts https://lemmy.world/comment/26583022
Depends on your risk profile. But if you look at the growing capex and consecutive negative free cash flow of big tech, it is a sign of worry if you are only investing short term or you do swing trades.
Damn, my retirement fund is gonna look like shit the next few years but It’s over 3 decades until I’m gonna touch that money so I guess I’m fine. Not sure I wanna try to time the market and put it all into bonds for the next 1-5 years until the actual burst shows up. (It’s 85% global index)
Good thing the majority of my regular savings is in bonds and high-yield saving accounts.
It’s only down like 1% from last week. I wouldn’t change anything unless you can’t sleep at night. Could have an AI bubble pop like 30% of the market but I would expect it to eventually recover. I personally prefer not to worry so don’t have much in stocks compared to most people who have retirement accounts
over 3 decades until I’m gonna touch that money
Say hello to Anthropogenic climate tipping-points.
Yes, please. Yeah, they are gonna get bailed out, but:
- Not by my gov
- At least some of these AI cunts, driving the bubble, will end up broke, hopefully
