[Comments](https://news.ycombinator.com/item?id=45948477)
Rhackernews·Hacker NewsbyRSS Bot Peter Thiel sells off all Nvidia stock, stirring bubble fearsCommentshttps://www.thestreet.com/investing/peter-thiel-dumps-top-ai-stock-stirring-bubble-fearsOpen linkView original on lemmy.bestiver.se102Comments5Reply
ggrue replylemmy.world1Hide 1 replyExcept we won't be able to afford them anyway because of loss of income.7Reply
sshalafi lemmy.worldY'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.php4Reply
5 replies
US gov announcement that sends the price tumbling incoming.
Oh cool, computer parts are about to get cheap
Except we won't be able to afford them anyway because of loss of income.
We won't have jobs or food, let alone PC parts.
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