> And the theoretically ultimate market analysis guru probably thinks "Everyone is wrong about Gen AI and NVIDIA being intimately linked, but that will make them sell regarding this news, so I must also sell and buy back at bottom"
That's most likely exactly what's going on.
Markets aren't about intrinsic values, they're about predicting what everyone else is going to do. Couple that with the fact that credit is shackled to confidence, and so much of market valuations are based on available credit. One stiff breeze is all it takes to shake confidence, collapse credit, and spark a run on the market.
That's most likely exactly what's going on.
Markets aren't about intrinsic values, they're about predicting what everyone else is going to do. Couple that with the fact that credit is shackled to confidence, and so much of market valuations are based on available credit. One stiff breeze is all it takes to shake confidence, collapse credit, and spark a run on the market.