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@alan@mindly.social

2026-07-30 12:43 UTC

@RaymondPierreL3@aus.social Traditionally, it's late September, early October when investors start to take a critical look at their portfolios, and sometimes that's when they start selling the stuff they see as too risky. Then the other ones who are a few minutes late to the party see the bump in volume with lower prices and realize they better get in. Then, milliseconds later, the program trading algorithms start to sell, and we have a "correction" [how I laugh every time I hear that word in this context]. This year, I expect that correction is going to become a full-blown crash, and every company who has touted their adoption of AI is going to get hit. It's going to be brutal. It's also likely to definitively hand the advantage in AI to China. It will come at a terrible cost. The only upside I see is that it should seal Trump's fate.

Replies (1)

  • @QCCEChris@mastodon.social 2026-07-30 20:33

    @alan@mindly.social @RaymondPierreL3@aus.social Trump's fate is never sealed. September/October, you say? I hope they're looking ahead at midterms. If anything, hopefully democrats with a sense of conscious will be elected. No doubt though that when big tech falls, to reference d :dnd: d, Trump or whoever is president at that time will cast feather fall, and the only people that pay the price is zero to middle income families and people, who always bear the price for bad decisions of government and large businesses.

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