I want all these tech giants to crash and burn except that even index funds are all inextricably tied to them and that’s where all my net worth is. I think I need a new broker.
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@mike I think we have to yank the bandage and get it over with, but I’m not looking forward to it.
@dtm I was hoping for a draw down. Everyone adjusts for the actual economics of this new industry and just draws down as the actual industry ramps up. With AI fueling like 80% of US GDP growth pulling the band aid off might be throwing us into collapse.
@mike If that happens, there’s little we can do about it. It’s not as if wishing one way or the other is going to make any difference. I hope it’s not TOO bad.
@dtm That's what I don't get about all this AI bubble pop cheer leading. If the bubble pops all at once with a panic sell off the economy we all depend on is damaged significantly, like as in a lot of people not in any way related to tech will lose their job, etc. I get the finance bros should've never gotten us in this mess but this is where we're at.