Put in the simplest way: Things have been too good for too long in InvestorWorld: low interest, high profits, the unending rocket rise of the Big-Tech sector, now with AI afterburners. Wile E. Coyote hasn’t actually run off the edge of the cliff yet, but there are just way more ways for things to go wrong than right in the immediate future.

— Money Bubble by Tim Bray

Tim (correctly) points out that when investors throw money at things that are not well understood (.com, web2.0, blockchain, AI), it will eventually disappoint and crash the markets. Enjoy it while you can.