Technology

Nasdaq and Russel caved though. I don't know if there is a way to avoid them in our 401k.

Sounds like they don't want to go along with these sham corporations and their smoke & mirrors accounting. It's like they want the companies in their index to be on sound financial footing or something.

Lololololol the president of my company went full AI shithead recently and he posted how it was a big deal that they were going public and he was talking about how he see it as a great investment to purchase shares and I asked how it was a great investment to get shares of a company severely in the red and my comment got deleted in a few minutes

Edit: we also got claude code for everyone in the company and they are monitoring token use (as in we need to use a lot) and I asked if they were concerned that the token price would rise if the board of directors of anthropic suddenly wanted to make a profit and that comment also got deleted (this was in a virtual townhall so we can ask stuff, usually they just ignore the ones they don't want to answer but they were actually deleting them this time)

It is even more extreme if you view the entire index history. The Covid peak looks almost benign in comparison and that was quite substantial but with a rather slow in rise and fall. Now, since the LLM bubble has been started, NASDAQ has almost doubled and in recent months almost feverishly. Nah, no bubble, nothing to see here, all based on reality. Please invest, we need to unload the bad money onto someone else.

I’ve pulled most of my money out of stocks stuck it in bonds. I have a few dividend ETFs like SCHD and some oil and energy sector stocks that I bought on the cheap before Trump fucked the oil markets.

It’s a giant bubble but there are sectors you can sit in defensively.

IMO the Space X and AI offerings are going to hoover up any liquidity left in a market that is showing less and less breath. Energy shortages will kill by July/August.

Yup I moved mostly out of usd, no stocks listed in the US, no US Treasuries.

I see either default or massive inflation or both in the cards for the US very soon.

Here's an even more interesting one:

It's the P/E ratio (the ration between the stock Price of a company and it's Earnings) of the Nasdaq vs the Price.

Notice how the Nasdaq price has tracked the P/E, with since at least 2020 the stock prices not increasing because company earnings are going up but rather just from increased speculation hence the rise in the ratio of stock Prices to Earnings.

The P/E (in other words, the company stock prices relative to the actual money a company makes) is now about twice as much as back in 2020.

The main issue as usual is US hegemony (or what's left of it) has a way of fucking up the rest of the world. When that bubble pops it's going to cause a whole bunch of industries trouble.

Yeah, it really is painfully obvious that the fatcats are trying to cash out on the bubble before it blows.