Van Jones said something interesting on Bill Maher

[paleotn]

1. Yep.

Stupid money always piles into any new technology, sending it's market value to crazy town. Inevitably, something happens somewhere. Perhaps something obscure. The proverbial straw that breaks the camel's back. Then all that stupid money rushes for the exits en masse, most of it getting slaughtered in the process. In a few years, rinse, repeat. Just in my lifetime, the dot com bubble, subprime housing bubble, now the AI bubble. But like the internet, it's not that AI won't be a game changer in many ways. It's still in its infancy and not worth those kind of valuations yet. A number of those companies won't survive as the technology matures.

As for the rest of the market, it has absolutely no reason to be doing well at all. Short and medium term, underlying fundamentals are shit. Time to move to safety, but that's just me.