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Comment by moosedman | Hacker News Reader

This level of intensity of fear over small pull backs makes me think the big one is coming. You’ve created a house of cards and doused it in gasoline so you’re obsessed with even the tiniest spark because it’ll blow it all up. If you invested in the productive economy that isn’t scams you wouldn’t have this problem. Stop making life worse for normal people.

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> Stop making life worse for normal people.

Job seekers now have to "tolerate" interviews with AI bots, I don't even know when to laugh or cry anymore https://www.youtube.com/watch?v=Ng_Bj7tVw78

My money is on a 10-20% pullback within a year. The valuations (besides palantir and tesla) aren't really that crazy. Nvidia is producing real stuff and real people are using these so called scams because they find them helpful, for example.

Now, as for the possibility of the "big one". I think there's a 25%+ chance of that in the next 2-5 years, likely bigger than anything before. But it won't be because of a scam.

Either that or this is people's pensions just ahead of what is likely the bill of Trump's policies being presented ...

It increasingly looks like the bill for inequality papered over with quantitative easing is going to come due at some point soon, the spark is debatable.

Asset valuations are approaching feudal levels, where large portions of the population are relegated to perpetual debt service and locked out of asset purchases - while another portion gets to make up the valuations because they are close to the money printer. Such a system is stable until it isn't.

Bullishness on the market seems like a really sinister force at the moment, because what I equate their bullishness to is destroying society so investors / rich people can get just a little more even if a lot of people suffer along the way

Who are these omnipotent people who determine valuations?

At a certain point of inequality, the valuation is whatever the person with all the money says it is. If there are fewer than 100 people holding the reigns of capital, do you still live in a capitalist system?

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