Exactly what I expected from Business insider..

Incredible insight

But that isn't how greater foolism works. It doesn't matter how stupid one is, as long as there are others more stupid.

Which is a useless metric in today's market, since none of the AI companies have made a single cent yet, in fact they are bleeding billions, but are still receiving billions in investments, most of it from other AI-involved companies.

Duh, aren't we passed this situation yet? Millions and even billions of workers should've been replaced by now. Many problems including coding: solved.

Or are investors really this patient and resilient when it comes to hollow hype?

🤣

I mean, I agree that the market left fundamentals behind years ago. But when increasing numbers of transactions are handled by robo-advisors all working on similar parameters and institutional ownership is something like 71% of the DOW, can we expect the same result as in 2000?

Billionaires aren’t going to roll over and go bankrupt - they will manipulate the stock market to make it look like the economy isn’t failing. A crash and government intervention isn’t impossible, but I suspect we are already wallpapering over the mess - note that central banks say “markers of recession” rather than “recession”, because then it can’t possibly be real. They would prefer that the 30% of shares owned by us plebs aren’t panic sold so the problem stays invisible, but if it is, they will buy up the shares at a discount and continue to trade them among themselves with fictional dollars that have been loaned into existence.

But everyone knows that and those with money did not decide to sell so far. So, it's all bla-bla... Maybe it happens tomorrow, maybe in 4 years, maybe never with an intensity that will be remembered as a crash...

It really was a waste of an article. I think I am dumber for having read it. It failed to provide any real information on what was seen preceeding the dotcom bust. Just some super generalizations of no value.

Also, it refers to these mythical investors who supposedly think about earning potential and all that. Most really don't. They invest because they think the stock will go up. And usually that has more to do with if they think others will buy it than the Financials of the company. SpaceX is a great example of that.