Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

Cash savings will increase in value in a stock market crash or deflation.

[DGuller]

To the people believing we're in a huge bubble, do you think we're in a bubble because AI is total waste (so it's a tulip bubble), or do you believe that it's a legitimately transformative technology that nevertheless people are vastly overvaluing in the short term, possibly due to engaging in momentum trading rather than doing fundamental calculations (i.e. dot-com bubble)?

[Tamas]

Dot-com bubble.

But I am thinking the fact that even high profile investment bank people and such are saying it's a bubble means the burst is some time away. If they are telling people to sell it's probably because they want to buy.

[Josquius]

Yes, it seems like the .com bubble. People getting super excited much too early.
True AI would indeed absolutely transform society.
LLMs aren't that.

[crazy canuck]

To the people believing we're in a huge bubble, do you think we're in a bubble because AI is total waste (so it's a tulip bubble), or do you believe that it's a legitimately transformative technology that nevertheless people are vastly overvaluing in the short term, possibly due to engaging in momentum trading rather than doing fundamental calculations (i.e. dot-com bubble)?

It would have to be a transformative technology to justify these valuations.