10/14/2025
'Absolutely' a bubble: Wall Street cautions on AI as investors go all in
The AI trade may be overheating as record spending, investor optimism, and soaring valuations fuel fears of a bubble.
Yeah no kidding!
It looks like the top was Oct 3-7, then Wave One Down, now Wave Two up has an A B C textbook pattern, and note it turned down righ at the 50 bar average on this 60 minute chart. Ths is the SPX a much broader index than the DOW.
NDX
The about me on the right intrudes if I make the chart any the big larger, note the big reversal in the last hour. I expect the markets open down tomorrow morning as wave 3 begins.
I hope readers are enjoying more frequent posts, blogspot works much better than typepad easy to post charts, and readers indicate it is easier to read on line.
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