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RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 hours ago

Peter Thiel sells off all Nvidia stock, stirring bubble fears

www.thestreet.com

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Peter Thiel sells off all Nvidia stock, stirring bubble fears

www.thestreet.com

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 7 hours ago
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  • shalafi@lemmy.world
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    2 hours ago

    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

  • captainlezbian@lemmy.world
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    4 hours ago

    Oh cool, computer parts are about to get cheap

    • grue@lemmy.world
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      2 hours ago

      Except we won’t be able to afford them anyway because of loss of income.

      • shalafi@lemmy.world
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        2 hours ago

        We won’t have jobs or food, let alone PC parts.

  • kevin@programming.dev
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    5 hours ago

    US gov announcement that sends the price tumbling incoming.

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