Tootfinder

Quote of Carole Cadwalladr @… post, Monday 17th Nov 25, "Peter Thiel gets out of Dodge",
itself quoting...
“The CFO of OpenAI, Sarah Friar, gave the game away a week ago when she said that she was thinking that there was a role for the government to play in backstopping the future investments of companies like OpenAI, that is a terrible idea.[…]
You know, everybody on Wall Street is excited about this #bubble. 34% of the market value is in the big companies. The private ones have notional values that would make them, you know, Fortune 200 companies. ...."
Investors have to take the hit, not taxpayers/public services.
I have seen this film before.
I still don't like the ending.
➡️ #Edinburgh
Edited to add tag

So everyone's wondering if there's a financial crisis coming from the popping of the dotcom bubble.
Here's a little chart of those events, projected as though repeated from last week's stock market top.
You'd be looking at 25 to 50 percent drop over a year or three, taking S&P index down to four to five thousand or so over 2026, since that's what they were.
I think it's at least 30% likely to play out roughly like that, and am positioned such that I'm happy either way.
#stocks #bubble #crappyTechnicalAnalysis