Everyone look out, the banks have made their money so it’s time to dump on the poors again.
the banks only make money after the crash, when people can’t pay their loans.
then they have to find baggers for the property they seize, only if they cant flip those in time do they come out ahead
Investment banks and the primary equity market. They’ve already traded their long positions for shorts
Of course, if that’s like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.
like the Obama Administration saved AGI
If Obama saved the AGI why we have to deal with the crappy LLMs? ;p
This specific AGI wasn’t really intelligent…
“It’s a ‘good bubble’” - Bezos
All bubbles are good bubbles if you have the liquidity to survive the burst.
Or better: buy the dip.
Wasn’t there some report that this is 17 times bigger than that?
this is definitely gonna be a big one, always is when there’s blatant fraud making front page news regularly. and the wolves are running the show for the forseeable future so it’ll probably keep on going…
When there are 4 or 5 companies worth over a trillion dollars each, and those companies combine for 60% of the volume and value of the S&P and NASDAQ, and they are all in on ai, well…
Buy ammo, I guess.
No, buy puts.
“The market can stay irrational longer than you can stay solvent”
Can you get money from a non existent economy?
Every market ever has crashed, but the world trudges on.
The world trudges, the wealthy trample over us.
Maybe their diet should change from caviar to lead.
Personally I’m more of the Mycenaean, let their places burn and make them taste bronze!
What to do with the casts when the molten bronze is poured down their throats?
I just want to jam a sword down their throats like the weird cousin of Vlad Types of Wallachia. What your describing is more Persian IMO.
Every market ever has crashed, but the world trudges on.
Ancient dinosaurian proverb
As if “this time is different” isn’t.
Remember the Dark Ages?
Things can actually go back, A LOT, if a collapse spreads to a broader society which is weakened by massive inequality and incompetent power elites fully in pillaging mode, were it becomes structural.
And don’t get me started on what happens to a nation that’s the dominant nation of an era, at the end of their Imperial period, which is where the US is at the moment.
It’s just very unlikely to happen in the lifetime of anybody (so people are prone to the falacy of thinking “this will never happen”), but definitelly happens as History shows us.
Will it get that bad? No idea.
Can it? Absolutelly.
It’s not quite right to say those companies are “all in on AI” when their core businesses are still based on physical products and established services. These were already highly successful companies long before the AI boom. If their valuations are inflated because of the hype, a correction wouldn’t send them to zero - it would just bring their prices back in line with their actual underlying value.
Fair.
But, nvidia (the largest by weight/volume/value on each of the indexes) would be almost nothing without the ai hype, and the loss of Chinese contracts will see it plunge regardless of a bubble.
Google, ms, and apple have added nothing of worth to their products while pumping billions to their ai surveillance bots.
All told, the value of the indexes will plummet like Wile E. Coyote when cartoon reality kicks in.
The bottom, however, will hit much harder than he ever felt.
Can’t wait until we bail out most of silicon valley because they’re too big to fail.
And just like how online e-commerce went away when the speculative companies went broke, surely when this market corrects AI will vanish and everything will go back to exactly how it was before.
What? Who gives a shit if AI vanishes or not. The greedy turds manipulating markets and raking in the money now won’t be the ones facing the consequences; that will fall on the rest of us peasants.
This should not come as a surprise to anybody. Not because of AI specifically, but because this is how tech hype always works. The more hype the bigger the crash.
