It’s another one of those Thursdays! You know it’s a bad day when you open Google Finance and your watchlist looks like this:
Red Red Red!
I kind of heard from my article feed that stocks were down, but when I opened up my google finance page that shows all my current stocks in the watchlist, I was still taken aback. It’s not often that you see that much red, and almost all of those red stocks at the top are AI related. The only green stocks there are healthcare! But the big AI players are all going sharply down.
Gloom and Doom Articles
There are a lot of articles out there today about how bad this is! Oh my gosh! It’s all crashing! (heh heh). AI is the Master Disruptor, and CapEx is too big even for the Mag7! Everything is changing and Technology is falling (just like the sky chicken little!).
I wonder if the articles are written first, and then the stocks fall? Seems like right away people are anxious to blame something or somebody for the huge losses in value, but it’s the people selling that is causing the big drops. Has “crash panic” set in? It seems that way. Run and hide!
Is there no voice of reason that can tell people to just relax and let something happen that is newsworthy. The Dow, Nasdaq, S&P500, and the Russell are all down. But the Vix is up, of course. I would say that yes, this is volatile. Now it’s only mid-day on Thursday, so it might get better. That happens a lot. I guess it all depends on the articles and how they are written yelling out loud ” The sky is falling! The sky is falling!”
