[HNisCurated]

This is why I'm staying out of much of tech and the current stock market.

We were taught as children the market returns 7%/yr. People took this too seriously.

This has all the signs of the housing bubble.

[goseeastarwar]

In the meantime, the market is up 20% since January and PE ratios for the largest companies are still reasonable. Uber’s success or failure has no bearing on the broader health of the market.