Comment by aurareturn
5 months ago
... I mean, yeah, if you could reliably predict _those_, you wouldn't be _telling_ anyone, you'd be busy making billions on options.
Yet, these authors are so confident that there is a bubble and it will burst.
Does everyone know that?
Yes. Everyone. People using dotcom to compare AI bubble. They know how much Nasdaq is worth right now right?
To be clear I mean predicting the timing to any accuracy. That’s notoriously difficult (I’d argue pretty much impossible). A modern economist dropped in 1715 or so would be able to say with certainty that the South Sea Company and associated companies was a bubble, but they would not really be able to predict when it would pop accurately.
RE the Nasdaq, yeah, it recovered in real terms after 18 years. That would be cold comfort to most.
If they can't predict when, then what's the point? What if it happens 5 years from now? You'll miss out on massive gains.