Posted on 11/20/2024 9:04:04 AM PST by millenial4freedom
FRANKFURT, Nov 20 (Reuters) - The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence (AI), which could burst abruptly if investors' rosy expectations are not met.
The warning came as part of the ECB's twice-yearly Financial Stability Review, a laundry list of risks ranging from wars and tariffs to cracks in the plumbing of the banking system.
The central bank for the 20 countries that share the euro noted the stock market, particularly in the United States, had become increasingly dependent on a handful of companies perceived as the beneficiaries of the AI boom.
(Excerpt) Read more at reuters.com ...
AI is the new name for software designed with bias in mind. There is, and will continue to be, hard-core bias in any search engine or data filtration. None give the same results across the board. Discrimination is what they do. That’s it.
Color TV bubble in 1960’s.
Yes, and IF you bought when each of those stock market bubbles burst you would be very rich now.
The stock market is currently at all time highs. Every week there is someone predicting that the bubble is going to burst.
We are due for a correction. It is just a matter of when. It never goes straight up forever. You just pointed that out.
Another thing my first boss taught me was:
“Young man, you can never go broke taking a profit”
and
“Pigs get rich, hogs get slaughtered.”
The P/E ratios are high at the moment. I’d prefer a correction soon rather than a historic crash later.
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