I agree. But why is the US stock market not tanking?!

rodrigodlu 2 days ago | parent | next [-]

Did you looked at Forex few hours before tarif announcements against Brazil (BRL vs USD) then few days later with the EU (EUR vs USD)?

You're looking at the wrong board despite thinking about the same game.

	▲	ethbr1 2 days ago \| parent [-]
		This is part of the answer. The clearer answer is: the US stock market is denominated in dollars. If dollars devalue, then the price of real assets and equities in dollars increases (i.e. equivalent value, different number). It's entirely possible two things happen at once: (1) US companies become less profitable and competitive due to tariffs (thereby decreasing their objective value) & (2) US dollars devalue (thereby increasing assets value in terms of US dollars). Realistically, persistent inflation, international willingness to buy US government debt, and/or consumer confidence will be the things that collapse everything. (Or not)

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uncircle a day ago | parent | prev | next [-]

Because it is literally being propped up by wishful thinking. Maths have been trying to catch up with the stock market since like 2020.

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estimator7292 2 days ago | parent | prev [-]

Largely because of AI hype. We'll see some real consequences once that bubble pops

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razodactyl 2 days ago | parent [-]

I'm not sure where to stand on this statement so I can only sit back and watch: I thought we would meet another AI winter ~2015 when we saturated computer vision and classification problems - then things started taking off for a little bit but settled but then things really took off...

You're still likely right as things must always come down but what if it doesn't.

	▲	trenchpilgrim 2 days ago \| parent [-]
		I was riding through a town in Nevada with less than 200 people the other day. There was a billboard advertising that readme.com now supported MCP servers. If that isn't a bubble I don't know what is. Remember, the dotcom bubble didn't mean the internet was a dead technology. It meant that money was being invested into ideas that didn't pan out into profit.