I'm genuinely scared of what the crash will do to society. As much as I loathe AI boosterism, I'm starting to think my personal desire for schadenfreude may not outweigh the fear that I and everyone else I care about will get swept under the tsunami of the bubble burst.

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rapsey 7 days ago | parent [-]

If you are worried about a stock market crash, the current AI boom is absolutely nothing compared to the dotcom boom.

Also because so many companies are staying private, a crash in private markets is relatively irrelevant for the overall economy.

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bad_username 7 days ago | parent [-]

The Buffett indicator is larger than in 2000. Schiller PE ratio is getting close.

	▲	rapsey 7 days ago \| parent [-]
		What these things fail to take into account is the growth in the amount of money going into the stock market. Simplifying an economic activity down to a single short formula leaves out a lot of important parameters and these kinds of things tend to hold some truth for the time they are invented and often break at some point in the near future after they are created. This is because of changes in money flows in the economy as a result of tax, regulation and technology changes. Like the yield curve inversions and the Sahm rule and so on.