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Re: gfp927z post# 2220

Wednesday, 01/29/2025 5:44:41 PM

Wednesday, January 29, 2025 5:44:41 PM

Post# of 4701
gfp: I'm on my phone, on the road toward Arizona by Sunday. I can't post it but Rinear is saying that the Monday carnage is the beginning of the end of the AI Bubble. He is now expecting a Dot.com level crash at some point. Timing of that not specified. But he seldom issues such blanket predictions. I have thought the same thing for quite awhile. A market priced for perfection rarely works out for investors in the Long run. He says the AI craze would need to generate $600 Billion in profits a year to justify current valuation of all the darling AI stocks. They are currently generating only 10% of that. I'm probably not going to be posting much on my vacation. I will try to check in occasionally. I'm not back until Feb 13th. I plan to just unplug and enjoy myself with my oldest friends.

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