It is not just Energy and  Oil.  Human behavior is involved, the laws of the universe will be enforced.
Stupidity will be dealt with accordingly.   

Main Menu

Shifting Sands

Started by RE, Dec 31, 2024, 03:31 PM

Previous topic - Next topic

K-Dog

Quote from: RE on Jan 28, 2025, 05:49 AMDropped this on earlier, but so far Kdog hasn't got it restored.

Not only won't tech save us, it's wreaking havoc with the stock market.  AI is a huge bubble, and this newz from China is just the pin to pop it.  It should be quite interesting watching the conjvulsions as a trillion in speculative investment goes up in smoke.

https://www.cnn.com/2025/01/27/tech/deepseek-stocks-ai-china/index.html

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging

RE
Now that a day has gone by I see DeepSeek shows how precarious the stock market is.  Nvidia stock plunges and looses more value than a medium sized country (value it never should have had) because a new innovation comes along.

In the theatre of collapse ( i prefer that spelling ) is there such a thing as a good thing.  Could the fall of an overpriced stock be a good thing?

I really do not give a fuck.  Our system is rotten to the core, and thinking about Nvidia stock loosing value as being a good thing or not is about the same as thinking about where deck chairs should be placed on a sinking ship.

Is this the pin that pops the tech bubble?  It could be.