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Posted on 11/05/2026 8:17:19 AM PST by volare737
Dow is down over 1,200 points right now…l guess they got the news one day late….
or maybe as someone said yesterday, just more noise…..lol
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AI bubble popping.
It was up 1500 or more yesterday, so its just coming back to where it was. Watch for what happens tomorrow if you are looking for trends.
Some people did something.
Profit taking from yesterday’s gains.
Yesterday was an overreaction, today is an overreaction to yesterday’s overreaction.
My daughter became wealthy under Trump. Gas and groceries....paid for ten times over...
“Artificial intelligence and chip stocks are suffering a massive wipeout today, erasing roughly $2 trillion in market value and driving the tech-heavy Nasdaq Composite down roughly 4% to 5% into official correction territory.”
It’s just post-election rotation based upon implicit biases of known political parties.
NASDAQ is down 4.5% today as well..and down 13% in the last month..
Democrats voted AI: Against Intelligence..............
“Yesterday was an overreaction, today is an overreaction to yesterday’s overreaction.”
Don’t you think you’re overoverreacting?
Just noise — with a healthy mix of some AI bubble deflation that was well under way previously.
Ugly and volatile day, but I leave that to the active traders.
Fun fact I’ve mentioned before - the indices have NEVER had a down year following a midterm election. Doesn’t matter the result, the winner, the loser, or to what degree.
It’s just a meaningless statistical anomaly - correlation not causation, the ratio of up:down years is 3:1 anyway, but besides potentially liking a few sectors more than others?
I keep my politics out of my portfolio. Always served me well.
Good for her.
I finally got paid for my Sber bank Russian ADRs. Bought them around a dollar in 2022 after RUS invaded and they were going to be de-listed. All the RUS ADRs were de listed. I bought a bunch. Sber bank was bought and merged earlier this year. Obligations, like stocks, had to be paid off prior to merger. So, my 10k shares were liquidated at a tidy 10x profit. It took JPMC bank until October to convert and payoff my shares.
Ppl don’t realize delisting on US exchanges still has one’s ADR shares recorded on the originating exchange. A sale or merger requires paying off those shares. I had time and money to wait it out. Now I’m just waiting out my Gazprom shares to be converted.
I’m buying my daughter her first car with the Sber bank ADR profit.
democrats are bad for business but very good for SCAMS ,LOL
Call it the “Donkey Drop”.
AI is and will be created somewhere...here, China, or somewhere else.
Data Centers should be placed on old industrial sites..you have the infrastructure there, plus they are cleaner than what was originally there.
“Be careful what you ask for, you just might get it.”
Democrats running the cities and States where those old industrial sites exist have been promising ... for decades ... to re-use them. "Revitalize the brown-fields ..."
So what do they do? Put them way out in the country, or in residential areas.
Dems did run on killing data centers.
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