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I think the investors are just hopping stocks. Nvidia was generating extreme profits, now that that's over they'll jump to another hypey thing. Energy perhaps.
by GekkePrutser 4y ago
I think the investors are just hopping stocks. Nvidia was generating extreme profits, now that that's over they'll jump to another hypey thing. Energy perhaps. They don't care about the companies they back. Just about money.
It's causing good companies with a long-term vision to suffer (note I'm not considering Nvidia one of these) and promoting the hollow-shell money grabbers and pyramid schemes.
I don't know how it can be solved though.. We've made this situation ourselves by speeding business up to "the speed of light". Perhaps a bigger role for governments in investment but I know that's cursing in the American church of the free market :)
But in the long term we really have to find some stability back in the system IMO.
- lmm 4y agoIMO the instability was always "really" there, but reduced information flow hid those fluctuations. Maybe we just need to get used to the instability - business is risky and will have ups and downs, responding quickly ultimately makes the system more efficient in the long run.