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by langarus 931 days ago
It's really easy to compare the current situation with the 98. Burry has been calling out the index fund bubble for quite some time. In 98 there was a .net bubble which looks more to the web3 craze we had in the last years.
2 comments

98 was very different in how much regular people where pumping up the stock market.
Exactly, if the author would have looked at least at PE ratio the conclusions would have been different. Seems like amateurish writing
If it is a bubble what can take the wind out of the sails? A few experts screaming about it doesn't seem like it will be enough.
Baby boomer mass retirement. This will increase the selling of shares across the board, since boomers will need to liquidate their assets to finance their living expenses when they are no longer taking salaries.
Sounds plausible, any idea what proportion of the large index funds they are thought to own? In the same vein, I wonder if pension funds can pose a risk or if they are self perpetuating enough to not cause any fire sales.
Baby Boomers have been retiring for quite some time already. The Baby Boom was from 1946 to 1964[1], so the oldest Boomers are now 77 (well past the usual retirement age) and the ones in the middle are around 68 (many have retired already).

[1] https://en.wikipedia.org/wiki/Baby_boomers