Technology running off on its own

29 oct.

The all powerful tech industry, the folks that brought us the information age, automation and now the almighty Artificial Intelligence. My thoughts are that we have finally developed the monster that is about to eat us. AI and the revenue that it is projected to bring in is contingent upon someone being able to pay for it. I am still perplexed as to the math that is being used to prove sustainability. We are just beginning to see the rumblings of Layoffs, but this will accelerate. With potential unemployment of 40% basically almost all white collar jobs, where will the money come from if the customer consumer base is wiped out. This chart illustrates the lone wolf of the tech industry gapping up for three days in a row. Looks familiar to me. If course markets can remain irrational longer than we can all remain solvent, but I would like to hear some comments on just what will be done and how will the economy absorb the carnage that is about to be unleashed. I was skeptical, real skeptical about AI until about a year ago. With a sizeable investment in development and education, I now sit with more fear than optimism. I think that its a genie in a bottle that were not going to be able to get back in the bottle. Nothing is out of the reach of AI. Someone slap me and wake me up.

6 nov.

Transaction en cours

Technology is the leader, has been the leader and since it is positioned to continue to get the lions share of whatever is left over in the future, we will continue to see it ....lead, right now its leading us down. Like a dinosaur eating its tail, the tech industry has shifted from convenience and communications and productivity now..to eating jobs. More of this to come in the coming weeks. Again the question is going to be, who will have the money to buy the products being sold as AI cranks up and starts wiping out jobs. Call centers overseas will be the first to go, were seeing ai agents come online that frankly do a much better job and much more secure. Accountants....get ready. Summary, I may be sitting it out for days in a row, but taking strategic shorts only is my playbook for now.

il y a 6 jours

Trade fermée manuellement

Gonna be sideways for a bit.

il y a 6 jours

Note

Recent comments by Michael Burry lend the idea that evaluations are overblown and once again the books may be being cooked, could see much further downside. This has been coming for a long time, so sitting tight and looking for a bargain entry point is the strategy.