Anonymous wrote:When the stock market crashed in 1929, it had been going up for more than 4 years. You are at 1925 in the stock market.
Anonymous wrote:I do NOT want this to be political.
At the moment we have economic uncertainty, inflation and there's talk of forcing the fed chair out so interest rates can be lowered, whether that's good for the economy or not.
I thought in times of economic uncertainty, investors were fearful and that fear caused markets to go down.
This looks like irrational exuberance.
I'm not very smart, can you explain to me why stocks are still doing well and why I should keep my investments in them?
Thanks.
Anonymous wrote:Anonymous wrote:People go on vacation in August and don't look at their portfolios.
You can’t open your phone for 10 seconds to check on it while on vacation?
To the OP I think it’s mostly the AI bubble. Almost all the gains in US stocks have been from mag7 companies. Nvidia is making tons of money from the other mag7’s buying its GPU’s, however this might not be sustainable in the long term because the biggest customers to NVDA haven’t been profiting at all from their AI investments. Their customers do make a healthy profit from their other ventures which allows them to stay in the green, concealing the massive drain that AI has been on their profits. If the software AI bubble pops then hardware will follow, and this would collapse the US stock market
Anonymous wrote:People go on vacation in August and don't look at their portfolios.