Column: The air begins to leak out of the overinflated AI bubble
www.latimes.com
Shares in AI companies have powered a huge runup in the stock market this year, but users are beginning to question whether the craze will fall flat.
  • iopq@lemmy.worldEnglish
    1·
    11 days ago

    We already knew about back to school sales, they happen every year and they are priced in. If there was a real stock market dump every year in September, everyone would short September, making a drop in August and covering in September, making September a positive month again

    • sugar_in_your_tea@sh.itjust.worksEnglish
      2·
      11 days ago

      It’s not every year, but it is more than half the time. Source:

      History suggests September is the worst month of the year in terms of stock-market performance. The S&P 500 SPX has generated an average monthly decline of 1.2% and finished higher only 44.3% of the time dating back to 1928, according to Dow Jones Market Data.