- Thorry@feddit.orgEnglish2 days
I do hope this bubble pops, but this kind of reporting is pretty useless. It’s like all those Tesla stock posts we got last year. They report every time the stock goes down, even when the overall trend is the stock going up.
Nvidia is still up 28% from last month. Amd is up almost 60%, Oracle is up 20% and CoreWeave is up 41%.
When looking at 1Y these stocks are up as well. These stocks have gotten a big boost this month, so a correction isn’t that big of a deal.
The markets are absolutely insane at the moment. We are in the middle of a huge energy crisis, one that hasn’t even shown its true face. Yet somehow the stocks are up. There’s more unrest than ever before, the spending power is down, the trust in the economy and future is down. Yet somehow stocks are up. All this AI nonsense is at spending levels it’s just a straight up money pit, even the best projections for revenue (let alone profit) can’t make back the money spent. Yet somehow stocks are up. All of these circlejerk investments and ghost datacenters scams are going on. Yet somehow stocks are up.
The stock market has fundamentally broken and isn’t really an indicator of anything anymore. To paraphrase an idiot: Stock goes up, stock goes down, you can’t explain that.
- Damarus@feddit.orgEnglish2 days
Yeah the market has nothing but gone straight up for a full month now. This is ridiculous.
- Passerby6497@lemmy.worldEnglish2 days
Yeah… Markets do tend to peak just before a crash. The only problem is knowing when the leak finally hits, since the market can be irrational longer than we can be solvent
- BeMoreCareful@lemmy.worldEnglish1 day
It’s just a lot more risk. If you’ve got the money, go for it.
I think a lot of the indexes have gotten a bit rich for my blood.
- eleitl@lemmy.zipEnglish2 days
And at a rate faster than ever. The indexes are always highest just before a crash.
- Cort@lemmy.worldEnglish2 days
Right now it’s a thin hiss, but hopefully soon it’ll be a thunderous wet fart.
2 daysI just hope the shockwave doesn’t knock down the rest of the economy with it.
- msage@programming.devEnglish2 days
Oh you knkw it will.
Private credit, stock market never corrected, there’s so much bullshit in the pipeline that any bang will blow off the roof, walls, and ground.
- 2 days
I really hope the rest of the world will get around it this time as most of this happens in the US anyway.
- 2 days
Yeah, but normally because we run in the same, stupid direction. But the big AI players ain’t around in my neighborhood.
Just hoping…
- realitista@lemmus.orgEnglish2 days
More than AI it probably depends more on how much stuff your country sells into the US market. If the US market goes into recession they will stop buying some of that stuff. For a lot of countries, the US is a big export market which can greatly affect their own GDP.
- 2 days
Thank god Germany doesn’t rely heavily on exports.
Aw shit.
- stoly@lemmy.worldEnglish1 day
The cracks are showing. Trades are happening in other currencies now and it’s a question of time before Europe and Asia make other arrangements. Latin America will split between the two options.
- realitista@lemmus.orgEnglish1 day
Trades in dollars are still higher than they’ve been at other times in recent history. It may happen but it will take decades.
Wait! So infinite growth in a product that doesn’t for EVERY solution isn’t real?!?
Well fuck me. Next people will tell me trickle down economics is just a lie and the trickle down is just the billionaires pissing on everyone.
- deleted@lemmy.worldEnglish2 days
I read somewhere that ChatGPT started to prompt users to login yesterday to use it.
- username_1@programming.devEnglish2 days
Engineers: (engineering).
Market: Oh no, they don’t think about money! Stupid engineers!- WanderingThoughts@europe.pubEnglish2 days
It was just a research prototype. Marketeers saw it drew a crowd and and a few years later rich folks are betting the entire economy on this.
- MrSulu@lemmy.mlEnglish2 days
Ooooh, they trembled at the news! What kind of resilience are we looking at here?
