• BURN@lemmy.world
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    1 year ago

    It’s just a shitty speculative investment. That’s about it. It’s just reached cult following and hasn’t completely crashed. But when it does someone is going to be left holding a really big bag

    • dezmd@lemmy.world
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      1 year ago

      The real Michael Burry depicted in the Big Short movie is buying puts against the stock market. Its not just crypto bros that need to ve concerned. All day on Bloomberg today they danced around recession after labor day expectations.

      • aesthelete@lemmy.world
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        1 year ago

        The stock market may be in a bubble, but regular stock investments aren’t the same as investing in crypto no matter how much the crypto bros insist it is. Stocks are shares of actual companies that (typically) make things, and they also produce dividends.

        All that said, I think the end of QE “forever” is a thing that the C-levels of big companies are still trying to get over. I think it’s much more difficult to find retail investor interest in a market where benchmark rates exceed inflation, and it looks like the AI hype juice is starting to run out.

        • dezmd@lemmy.world
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          1 year ago

          A stock represents a share in the ownership of a company.

          It has no inherent requirement that a company ‘make things’ or produce dividends.

          • aesthelete@lemmy.world
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            1 year ago

            Sure you can invest in companies that make nothing, have no actual value, and pay no dividends… In which case you’d be investing in something a lot more like crypto.

            Or you could, you know, not invest in crappy companies nor speculative assets and spend more than five minutes “researching” a thing before sinking significant money into it. Most reputable companies pay dividends and you can even look up the average dividend yield of the stock over years.