Goldman Says It's Time to Take Tech Profits and Invest Elsewhere

As a very small investor, I prefer to not listen to what Goldman and others have to say about the market. For an individual there is no way to know if they are right, they are wrong or they are lying for their own interests.

Hm Goldman must have been monitoring my trades this last year as I bailed on big tech and shifted to biotech, and more household essentials.

Computers are commodities. Capital should be shifted from novelty gadget production only hardcore hackers fetishize from their nostalgia of carefree days reading Neuromancer.

Vain need to use up the species resources and put childhood fantasy story in charge of the economy of everyone is bizarre and pseudo-religious.

I’d say this means one of two things. Goldman already pivoted out of tech and wants others to follow. Or Goldman thinks tech has much higher to go, they’ve missed their entry point or want to increase their holdings, so they hope saying this will make a small market lull where they can increase their holdings.

I guess there is a limit to the total number of GPU's a company may need

Maybe Goldman doesn't want to be replaced by tech

Since we are at the brink of a world war clearly in the mid-term weapon, food etc will go up much, but tech is still a driver, so well... Surveillance capitalism is here stay, unfortunately, since most accept it even if some voices against stat to be enough to pops up here and there.