The AI Craze
Things have been incredibly good for a few tech stocks. Hitting new record highs almost on a daily basis. Good for them.
Except that it is not so for the majority of counters in the S&P500, DOW or even Nasdaq.
This means that the values are being confined to a handful of stocks. And this lopsidedness is worrying. Not sustainable.
We saw this happen in 2020 when a handful of "Internet" stocks were sucking up liquidity from the rest of the markets. And we all know what happened when the bubble burst.
We don't know when, or even if this time the burst happens again. But we need to be aware and watchful and make our own calls. Take control of your own destiny. Don't let FOMO mentality determine your fate.
Steve Eiseman of The Big Short fame was refently interviewed in a finance podcast. Look it up. Agreed or not, just watch and decide for uourself.
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