Mark Mobius is ringing the alarm for a 40% stock crash - and flagging this sector as a buy

finitebanjo @piefed.world 2d ago
TLDR:
Mobius says AI will fall 40% and wants people to buy into chinese and India ETFs.
TBH I think he's underselling how big the AI collapse will/should be, and I also think he's a dumb asshole for implying investment into authoritarian powers is a good idea.
tornavish @lemmy.cafe 2d ago
Market manipulation
- hitmyspot @aussie.zone 1d ago
  Yes. I assume all these fund managers are coming out with this as they have already shorted everything.
  However, other analysts without a vested interest seem to be saying the same thing. I'm wondering how long before it happens. If the government shut down continues, spending for Christmas could drop quite a bit and trigger a broader recession. Already consumer sentiment is at its lowest.
  
  tornavish @lemmy.cafe 1d ago
  We should probably just shut down the stock market before things get bad. Nobody needs to be gambling anyway