Post #3477014
2026-06-24 07:21 UTC
RE: https://mementomori.social/@juergen_hubert/116803649219263631
I honestly think the current sell-off is only a temporary "correction", because investors really are that stupid. There is negative value in these companies, but they have to believe there is, or the entire system collapses. Not the economy, mind you, just the vaporware that is eating the planet alive. The truly smart people know this is a house of cards that could collapse at any time, and this might very well be the start of that collapse, but it probably isn't, not just yet.
Replies (1)
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@gcvsa@mstdn.plus 2026-06-24 12:45
Unlike regular casino gambling, stock market speculation carries with it the inflation of one's ego, because it makes you think you are somehow more clever than other people when the stock goes up, so there is very much a vested interest in #HODL or "hold on for dear life", despite all financial evidence pointing to the obvious fact that the valuations of these companies are insane. Most people do not understand that stock value is purely speculative and has nothing to do with actual finances.