c/hackernews · by rssbot@lemmy.bestiver.se · 280dPeter Thiel sells off all Nvidia stock, stirring bubble fears https://www.thestreet.com/investing/peter-thiel-dumps-top-ai-stock-stirring-bubble-fearsComments 102 points · 5 comments · view on lemmy.world
5 Comments
kevin@programming.dev · 23 pts · 280d
US gov announcement that sends the price tumbling incoming.
captainlezbian@lemmy.world · 11 pts · 280d
Oh cool, computer parts are about to get cheap
grue@lemmy.world · 7 pts · 280d
Except we won't be able to afford them anyway because of loss of income.
shalafi@lemmy.world · 2 pts · 280d
We won't have jobs or food, let alone PC parts.
shalafi@lemmy.world · 4 pts · 280d
Y'all cheering for this crash are naive as hell. Yeah, it has to happen, better sooner than later, but it's far too late to avoid global depression.
Have a search for the Buffett Index. It's the measure of total stock valuation vs. GDP.
In 1929 it was around 130%.
2000 was 150%.
2006-07 was around 110%.
2021 hit over 200% for the first time.
It's at 230% today.
None of us have lived a crash like what's coming.
https://www.currentmarketvaluation.com/models/buffett-indicator.php