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Is DeepSeek about to cause a stock market crash?
(uk.finance.yahoo.com)
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this post was submitted on 27 Jan 2025
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The entire AI sector has been exposed for the naked emperor it is and the fall of this massively bloated and oversized investment may lead us into yet another AI winter.
Having said that, I remember relishing at the last Bitcoin crash, thinking that this completely useless token can only go into the negatives (when you adjust for the massive energy cost it takes to mine crypto, their value is less than worthless).
Guess what, bitcoin has only gone up since and it is now being backed by the US federal government. Imagine that. All the crypto idiots somehow got it right for the wrong reasons.
The market is not rational. At this point playing the market is as good as gambling unless your net worth is over a billion (Michael Hudson said this) and have access to insider information.