imo it’s probably just a minor correction triggered by the recent wave of “bubble allegations”. investors and big tech firms still have money and are too deep in it to back down now. the bubble will probably burst when it turns out everyone overpromised and there is widespread fraud otherwise i don’t see the dumbshit investors losing confidence.
it’s also probably michael burry’s fault. he does something, day traders that only know him from big short YOLO all their portfolio with 20x leverage on short positions and puts, bot traders amplify the movement, shit goes down.
imo it’s probably just a minor correction triggered by the recent wave of “bubble allegations”. investors and big tech firms still have money and are too deep in it to back down now. the bubble will probably burst when it turns out everyone overpromised and there is widespread fraud otherwise i don’t see the dumbshit investors losing confidence.
it’s also probably michael burry’s fault. he does something, day traders that only know him from big short YOLO all their portfolio with 20x leverage on short positions and puts, bot traders amplify the movement, shit goes down.