Exactly. We are just in the infancy for real though. I can tell by chat GPT constantly giving me inaccurate information and citations
(And have my MS in AI and ML)
Not bank but lookin better than yesterday. it might hurt it but hoping for you.
I sold my November 6, 620 P and I’ve been kicking myself. Had 10 K on it but being down as low as 3K really sucked so breakeven felt good.
K shaped economy the less money the dirty poors have to spend mean more for the wealthy to spend on luxuries
As long as they show up to work and toil away until AI takes over they don’t care.
Out of the NASDAQ 100 components, 37 stocks are down more than 20% from their 12-month peaks.
The average decline among these 37 stocks is about -32.5%.
The most severe drawdown is TTD (The Trade Desk) at -66.6%, driven by broader ad tech sector pressures and macroeconomic slowdowns. Some others:
LULU
MSTR
CHTR
TEAM
.......
Profit booking, estimates of disappointing ROI from AI investments (~75% failing), a softening labor market, and warnings from JPM and MS CEOs on policy-driven downturns are converging -
Quote "global equity markets could face a healthy correction of 10% to 15%."