US AI stock sell-off shakes markets from Wall Street to Asia

[paleotn]

1. Beat me to it. Here we go, folks.

Whether or not this will initiate panic selling now remains to be seen. Usually these things drift in a series of relatively small corrections before it really tips over. But when the panic contagion finally hits, it hits hard. The 2008 collapse started quietly in 2006 / early 2007, as cracks appeared in the hyped narrative of "housing prices always go up up up!!". Equity markets recovered by end of 2007, only to go back into volatility territory in early 2008. The drift downward continued until the bottom fell out with the Sept. 2008 crash.

It was all fun and games when the tech bros were burning their own excess cash on AI dreams. When they started taking out gargantuan amounts of debt, stocks lost all sense of reality, and IPOs started based on smoke, mirrors and handwaving, we entered the....bubble zone. And bubbles always correct. Sometimes violently. The question no one can answer is when.