re: Stock market at record highs

quote:

---

This does not apply to those holding the debt obligation, tho.

Guess who holds isht ton of treasury debt? Social Security.

---

Very true.

quote:

---

Gen Z is going to inherit a lot of money.

---

Or the government depending on how this current stuff goes. You still hear the reparations drum beat.

quote:

---

If AI pans out, when will we start seeing its contribution to stock market valuations?

---

You’ve already seen much of it. Here are the top six companies as a percentage of total publicly traded market cap:

1960 20%
1980 9%
2000 22%
2026 70%

These six companies are not doing very different from the top six in those other years when it comes to earnings as a percentage of total earnings or total value added as a percentage of GDP.

quote:

---

Can you let me know when this will take place? I've heard this from multiple "experts" for over a year now.

---

Probably within the next 12 months. The big 4 (Meta, Amazon, Google, Apple) are overextending entering into the trillions of dollars. At best, one or two wins and the others tank. At worse, AI won't offer the value promised and LLMs have reached their limits on exponential returns and it all goes boom.

I personally think the entire enterprise is being propped up by the government in line with these big four so that they can create an economy in which banking can be controlled (think social credit scoring), and therefore people can be controlled when the economy starts to become more unstable.

My “covid was a scam and the vaccine was a lie” tingle is increasing the more I think about AI

Our whole society is diseased (by design) into camps that cheer for “their team” and we are, therefore, unable to articulate or stand for our own independent values.

We cheer for people, not ideas. Which makes us stupid.

That’s…actually not far from the truth

The fake conservative rinos on here brag about how their portfolio goes up 10% a year even though inflation is 40% a year


The real American conservatives on here know that the only thing that can save this country is a civil war or some other cataclysm

Well then, they got what they voted for. frick em.

quote:

---

Probably within the next 12 months. The big 4 (Meta, Amazon, Google, Apple) are overextending entering into the trillions of dollars. At best, one or two wins and the others tank. At worse, AI won't offer the value promised and LLMs have reached their limits on exponential returns and it all goes boom.

I personally think the entire enterprise is being propped up by the government in line with these big four so that they can create an economy in which banking can be controlled (think social credit scoring), and therefore people can be controlled when the economy starts to become more unstable.

---

Since you are not even considering 2 of the top 3 AI models, I'm not sure I can trust your analysis.

We've had tech bubbles that burst before. We all survived, and now the market is even higher. Hell, we were told Facebook was dying because of Twitter at one point. Now, they're one of 4 companies destined to become one of our overlords, according to you. What happened with that?

There might be a market correction for AI companies, but all the companies lowering costs by using AI will still be going strong.

This doomsday scenario that the economy is going to crash so hard that the government has to become authoritarian to prevent civil unrest is ludicrous. It's nothing but a fantasy for the easily panicked.