this post was submitted on 20 Jun 2026
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[–] NottaLottaOcelot@lemmy.ca 2 points 1 day ago* (last edited 21 hours ago)

I mean, I agree that the market left fundamentals behind years ago. But when increasing numbers of transactions are handled by robo-advisors all working on similar parameters and institutional ownership is something like 71% of the DOW, can we expect the same result as in 2000?

Billionaires aren’t going to roll over and go bankrupt - they will manipulate the stock market to make it look like the economy isn’t failing. A crash and government intervention isn’t impossible, but I suspect we are already wallpapering over the mess - note that central banks say “markers of recession” rather than “recession”, because then it can’t possibly be real. They would prefer that the 30% of shares owned by us plebs aren’t panic sold so the problem stays invisible, but if it is, they will buy up the shares at a discount and continue to trade them among themselves with fictional dollars that have been loaned into existence.