So, we’re living in a time that might be remembered as one of the biggest bubbles in history. And that’s because in the next few weeks, your retirement account and your 401k is going to be buying shares in some of the biggest IPOs in human history, even though you might not want to. Okay, how’s that going to happen? It’s going to happen because the rules of the financial system were just rewritten to make sure that your money is going to be buying it automatically.
It’s a short term gain for some individuals deciding on fast track entry into the Nasdaq-100 and a long term erosion of trust in the Nasdaq as a whole. This feels like the coin clipping that happened as the Roman Empire faded.
Great connection to history. They have been eating the seed corn for decades.
The “AI” grift is not just a few companies but now the entire “tech” system.