It says passive investing, tracking stocks has quadrupled, so all that money going to the same set of stocks has increased their value, so they are overvalued.
Interesting take.
IIRC, this was the main “bubble panic” in the years leading up to the COVID pandemic (though its since been replaced by general gov spending unease and then AI as biggest worry).
While ignoring that it’s still percentage based only approx half of total market volume (depending on source and exact definition).
And"the same stock" are based on market development so the passive investor are simply multipliers.
Sounds again to me like “market crash guru 1500” who correctly predicts the next crash and only needs one prediction per month for that until realization.
Man was deffo alive for the subprime and dotcom bubbles popping so idk how he can look at AI’s bubble and not think “Oh this one is different.”
