well if some of the calculations on power ( electricity ) are correct ... there won't many manufacturing plants with enough power to light the office ( let alone charge the forklifts )And as I type this, my news stream is talking about "perhaps the ai bubble is popping".
Nah, you think?
Unless markets find another big thing (it was ai at the start of this year) then the correction is now in.
it will get messy if we get dragged into a full on trade war with China .. all that pandemic carnage was educational enoughMmmm I'm halfway with you on this divs.
I watch FMG like a hawk for a reason
And herein lies a fact of the matter: Governments always go on infrastructure binges when recessions hit. ALWAYS.well if some of the calculations on power ( electricity ) are correct ... there won't many manufacturing plants with enough power to light the office ( let alone charge the forklifts )
but AI is only as good as the data it can draw from ( in some cases AWESOME and some cases awful )
i had been planning on that since mid 2012 with mixed results so farAnd herein lies a fact of the matter: Governments always go on infrastructure binges when recessions hit. ALWAYS.
Robotics will probably be next after the AI build out. AI isn't having the returns they thought because a lot of investors didn't understand how it will likely roll out in real time.Unless markets find another big thing (it was ai at the start of this year) then the correction is now in.
Don't threaten me with a good timeNah, just start another war
Or the internet.AI will have another pump at some stage. But similar to early days of when bitcoin was worth $1. There's a lot of build out before it becomes usable, useful and profitable.
I'm not fully convinced.So despite the nasdaq having the largest drop, the s&p isn't that far behind it. That tells you that this crash is much broader based.
The tech sector now accounts for a record 30% of the benchmark index, more than the next two largest components combined—healthcare and financials. The truer tech weighting probably is over 40% and it has been growing as tech companies have bested the overall index this year.
I'm not fully convinced.
The S&P500 is down just on 7% from the peak and the Nasdaq is down 10.35% but the S&P500 equal weight is only down 3.2%.
Now looking at the S&P500 components, well the top 7 are all tech or heavily related to tech and between them they're 29.6% of the index.
In 8th place is Berkshire Hathaway, 9th is a pharmaceutical company, 10 and 11 are both tech which brings the tech total up to 32.3% on just 9 stocks, 12th and 13th are financials and insurance, 14th is Exxon Mobil. Every other stock is less than 1% of the index.
I'm not saying the market isn't declining, just that the S&P500 is itself substantially a tech index these days given 9 tech stocks are almost a third of it. On an equal weight basis it's nowhere near as big a decline.
According to this: https://www.barrons.com/articles/sp-500-tech-magnificent-seven-00c0ab36
I remember the late-1990's tech stocks bubble rather well and this all does seem very familiar. A market that's dominated by tech that then falls over, meanwhile plenty of sound non-tech businesses are far less affected.
I'd have to go and plot the graphs over each other to give the *exact* numbers but what I was getting at was that if big tech (let's be honest here, it's almost entirely the magnificent 7) accounted for almost the entirety of the gains we've seen this year (and it has, let's call it 80% of it) but only accounts for, say, 60% of the drop from the peak we're now seeing then that's obviously a broadening.I'm not fully convinced.
The S&P500 is down just on 7% from the peak and the Nasdaq is down 10.35% but the S&P500 equal weight is only down 3.2%.
Now looking at the S&P500 components, well the top 7 are all tech or heavily related to tech and between them they're 29.6% of the index.
In 8th place is Berkshire Hathaway, 9th is a pharmaceutical company, 10 and 11 are both tech which brings the tech total up to 32.3% on just 9 stocks, 12th and 13th are financials and insurance, 14th is Exxon Mobil. Every other stock is less than 1% of the index.
I'm not saying the market isn't declining, just that the S&P500 is itself substantially a tech index these days given 9 tech stocks are almost a third of it. On an equal weight basis it's nowhere near as big a decline.
According to this: https://www.barrons.com/articles/sp-500-tech-magnificent-seven-00c0ab36
I remember the late-1990's tech stocks bubble rather well and this all does seem very familiar. A market that's dominated by tech that then falls over, meanwhile plenty of sound non-tech businesses are far less affected.
Sorry US focused.Robotics? In this country?
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