The Stock Market Is Expensive — and Goldman Sachs’ CEO Predicts a “bAIr” Market Ahead
Brace yourself for the bAIr 🐻—that’s a bear market powered by Artificial Intelligence hype. Goldman Sachs’ David Solomon and Morgan Stanley’s strategists both see a market “drawdown” ahead as AI mania cools and fundamentals catch up. With valuations sky-high (Shiller PE > 40!), free cash flow thinning, and speculation soaring, the next 12–24 months could turn from irrational exuberance to rational panic. Still, there’s opportunity—if you can separate the real AIs from the vaporware.
👉 Think of this as financial Darwinism: some techs will evolve; others will de-list.