Transcript
Podcast Host (0:00)
This is an iHeart podcast.
Dell Representative (0:02)
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Podcast Host (0:35)
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Market Analyst 1 (2:02)
Podcast Network let's talk about the strength of the market and a few interesting things I saw on Instagram. Put in a group chat so S&P 500 relative to M2 money supply is almost exactly where it was at the.com bubble and then also the S and p. The dot com bubble overall chart laid over the current S&P 500 chart is almost exactly the same. So a lot of people are starting to say this looks a lot like the dot com bubble and a market crash is coming.
Market Analyst 2 (2:52)
With all the kindness and love in my heart from me to you, from Xander to you. If you think a crash is coming this year, you're misinformed Will it come next year? Yes. The great part about my thesis about people say why invest in two index funds if they hold the same companies. Team clipped us up, I've always said for mitigation of risk. Notice when software stocks were down 20 to 35% to 55%, the S&P was only down 3% and everyone was panicking like it was 1999 or 2001. I will say, despite the difference between 99 and now, is that companies. Okay, think about it this way. I criticize Apple while being at 4 trillion in 99. You couldn't put six companies together that was half as good as Apple's fifth competitor. The strength of the market is better because the companies are better. Look at Anthropic and despite all the stuff I've said about Sam Altman that's been revealed in the book that's come out and all the investigative journalism, that company's worth a trillion. Anthropic's worth a trillion. SpaceX worth it pre IPO, maybe two, two trillion arguably. Right. So the strength of the companies are better than we've seen. And you can't leave out Google, you can't leave out Lily, you can't leave out there's a bunch of companies if you go down the list of Dow, the S P, the NASDAQ that are just are like some of the highest grade of company that we've ever seen. So the comparison would be false. And wishing for a crash does what for you? It does nothing. Even if we, let's say we drop 50%. You know, like if I can be very honest tonight, you know who doesn't give a damn about a crash? The people who've been invested the last 10 years. A 50 drop means if you're up 2500%, 3000% like the people who got an Expedia in 09.22, they don't care about a drop. That's why length of hold, like for you guys, it's already been what, seven years? I don't think y' all selling in the next three. Why? Because you've extrapolated what, what the IP is going to be worth in 22 years. So I think everyone who wishes for a crash are only the people who've been sitting on the sidelines.