(no subject)
Mar. 29th, 2026 10:22 am'cute' nonsense names like "granola" or "clay.". If I had
a company you'd see me calling that shit the American
Computing Corporation. National Electron. United
Tabulation. That's a name with some chest hair.
"Software forward P/E multiples have now fallen below the overall S&P 500. Not at parity. Below. This has never happened before. Not in 2022 when rates spiked. Not in 2008. Not even in the dot-com crash, which was a speculative bubble unwinding — not a structural attack on the business model itself.
What broke it. Two things per Bloomberg: 'app software disruption by AI' and 'private credit concerns for software.' Both matter. But the AI disruption thesis is driving the larger repricing."






