The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

xyz · edit-2 11 months ago

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

@walter_wiggles@lemmy.nz · 11 months ago

The AI bubble will pop just like the blockchain bubble.

However the best time to buy SPY was yesterday, the next best time is today.

@Greg@feddit.de · 11 months ago

The distinction between blockchain and AI lies in their respective applications.

While blockchain companies has been associated only with money laundering operations, it is important to note that AI has a much broader range (complete) of uses across various domains involving data.

@drexy_rexy@programming.dev · 11 months ago

I wonder how many other crashes he predicted besides those two. It’s kinda like Michael Burry, that dude seems to predicting a collapse every week. My plan of “just keep buying and don’t worry much about it” seems to be working, and if it crashes 64% then cool, stuff will be on sale when I’m buying.

@philluminati@lemmy.ml · 11 months ago

The stock market is literally the only game in town. Bonds will retreat now inflation is reigned in so you can either make money on the stock market, or do nothing.

xyz · 11 months ago

What about crypto?

@Onfire@lemmy.world · 11 months ago

Crypto has no value…it’s pure speculation and hype. Coming from someone who owns bitcoin, eth, and others.

I_Miss_Daniel · 11 months ago

It had value for a time as an instant transfer system, but this prompted the banks to catch up with PayID, Osko etc. It still has a possible value the same as gold or any other verifiably scarce item does, as a medium of transfer. An energy inefficient one in some cases.

@drexy_rexy@programming.dev · 11 months ago

You’re allowed to speculate on crypto if you’ve maxed out your retirement savings options, have stable housing, and don’t carry credit card debt…those are the rules.

@eran_morad@lemmy.world · 10 months ago

nice, i will continue buying stocks every week.

@shiveyarbles@beehaw.org · 8 months ago

deleted by creator

The extreme bubble in stocks 'will end in tears' with the S&amp;P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

The extreme bubble in stocks 'will end in tears' with the S&amp;P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

The extreme bubble in stocks 'will end in tears' with the S&amp;P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. Here are his 6 best quotes.

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. Here are his 6 best quotes.