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Mark Mobius is ringing the alarm for a 40% stock crash - and flagging this sector as a buy
(www.businessinsider.com)
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I wonder if this is a crash that will hurt the rich more. It's the companies that will lose most.
The people at the top, I mean the top top, are typically the ones who get a heads up on these things. They shift things around and never lose a dime.
Yes, typically. But in this case, it seems to be the wealthy investing each other's money rather than people's houses.
A recession will still hurt everyone and particularly the poor, but the rich mat be less shielded this time around.
the ones that are heavily invested in AI: google, nvidia, openAI, amazon maybe? MS of course. probably palintir too. it will hurt retail just as bad too?