Top is in

[41_swish]

I really wish I didn't check the market everyday... I wish I lived in true bliss where I only opened quarterly statements.

What's stopping you? Why bother checking when we all already know the top is in.

I cashed out for beanie babies. The top is not in for me ;)

Buying the dip, eh?

This dip?

[ChpBstrd]

S&P 500 is down -2.8% from the top on 12/6.
Nasdaq is down -2% in the same timeframe.

We could easily see a correction (drop of at least -10%) because people are figuring out there might not be any rate cuts in 2025. The US economy created 256k jobs in December, and unemployment fell to 4.1%. Initial claims were only 201k for the week ending Jan 4. Commodities are rising again, and economic activity could be overheating.

All signs suggest the January 15 CPI release will be as bad or worse than December's +0.3%.

Face the facts, top deniers. The TOP IS IN.

[BicycleB]

The top, may it rest in peace.

[Heckler]

S&P down to its moving average soon, good thing it’s almost time to buy on the 15th.  Yawn…

[Glenstache]

S&P down to its moving average soon, good thing it’s almost time to buy on the 15th.  Yawn…

May your buys always be low and your sells be at the TOP!

[41_swish]

S&P down to its moving average soon, good thing it’s almost time to buy on the 15th.  Yawn…

Market went down just in time for the 401(k) purchase to be executed. I will take it!

[Tyson]

The top, may it rest in peace.

The Top, we hardly knew ye.

[41_swish]

The top, may it rest in peace.

The Top, we hardly knew ye.

It's a never-ending bull market if you squint hard enough :)

[Tigerpine]

The Top's only fun until someone gets hurt.

[AuspiciousEight]

What if there is no top?

Reference: The Matrix 'There is no spoon'.

[aboatguy]

Looks like someone got hurt.

[41_swish]

Top was IN! Time to lower my cost basis in my accounts!

[Glenstache]

What if there is no top?

Reference: The Matrix 'There is no spoon'.

What if there is no bottom?

[AuspiciousEight]

What if there is no top?

Reference: The Matrix 'There is no spoon'.

What if there is no bottom?

.... omg.... *mind blown*

[41_swish]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

[BicycleB]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

You mean - at the bottom, it will be a soft landing?

[41_swish]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

You mean - at the bottom, it will be a soft landing?

The landing will be whatever you want it to be ;)

[aboatguy]

  didn't look like a soft landing just a long slide at the current bottom


and that may not be the end of the fall.

[aboatguy]

What if there is no top?

Reference: The Matrix 'There is no spoon'.

What if there is no bottom?

there will be a bottom

[41_swish]

The bottom is the entire economy exploding and going back to the barter system.

[PhilB]

Confusing times for a UK investor with the pound sterling racing the S&P500 to the bottom.  Arbitrage top is in.  Or out. #DIV/0!

[Morning Glory]

The bottom is the entire economy exploding and going back to the barter system.

Don't worry, the barter system isn't real either.

[ChpBstrd]

The bottom is the entire economy exploding and going back to the barter system.

Don't worry, the barter system isn't real either.

On Craigslist it's just people wanting to trade broken down cars for running ATVs. Barter bottom is in.

[GuitarStv]

The bottom is the entire economy exploding and going back to the barter system.

Don't worry, the barter system isn't real either.

On Craigslist it's just people wanting to trade broken down cars for running ATVs. Barter bottom is in.

They contact you back????!!!  Tell me your secret!

[JAYSLOL]

The bottom is the entire economy exploding and going back to the barter system.

Don't worry, the barter system isn't real either.

On Craigslist it's just people wanting to trade broken down cars for running ATVs. Barter bottom is in.

Where I’m at, it’s non-stop people looking to trade broken down ATVs (or motorbikes or lawnmowers) for my running car :/

[ChpBstrd]

The bottom is the entire economy exploding and going back to the barter system.

Don't worry, the barter system isn't real either.

On Craigslist it's just people wanting to trade broken down cars for running ATVs. Barter bottom is in.

Where I’m at, it’s non-stop people looking to trade broken down ATVs (or motorbikes or lawnmowers) for my running car :/

So close to an arbitrage opportunity, but not quite.

[Malossi792]

Confusing times for a UK investor with the pound sterling racing the S&P500 to the bottom.  Arbitrage top is in.  Or out. #DIV/0!

That's the Sterling-put for ya! Any time stocks tumble, your NW doesn't fall in local currency terms because they fall in tandem, all too familiar for me a lil bit to the East from you.

[Malossi792]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

You mean - at the bottom, it will be a soft landing?

The landing will be whatever you want it to be ;)

Maybe the real landing is the friends we made along the way (damn I knew I should've made some)!

[AuspiciousEight]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

You mean - at the bottom, it will be a soft landing?

The landing will be whatever you want it to be ;)

Maybe the real landing is the friends we made along the way (damn I knew I should've made some)!

Wait - are we landing on our friends? This seems dangerous.

[Glenstache]

The bottom is an illusion. They will just print more money, and it will eventually go up and right. That money may just be worth nothing.

You mean - at the bottom, it will be a soft landing?

The landing will be whatever you want it to be ;)

Maybe the real landing is the friends we made along the way (damn I knew I should've made some)!

Wait - are we landing on our friends? This seems dangerous.

It's okay as long as everyone lands on their bottoms.

[Exflyboy]

Trump AI top is in!

[techwiz]

Trump AI top is in!

I think after Trump axed Biden’s executive order on AI safety they should go with a name like



Top is in!

[dragoncar]

J Pow basically controls the market. The FED has all the power in the world. I will just keep buying and buying and buying. Check back in 10 years.

You wouldn't be implying that Powell (or anyone for that matter) knows more than @thorstach would you?

Thorstach is jpow confirmed

[Exflyboy]

Ka-freaking-Ching!!!!

New ATH on the S&P.. MUST be the top now!

[MrGreen]

LONG LIVE THE TOP!

[ATtiny85]

Ka-freaking-Ching!!!!

New ATH on the S&P.. MUST be the top now!

Thankfully I have enough BND that I can look at to remind me of the state of the top.

[GuitarStv]

Ka-freaking-Ching!!!!

New ATH on the S&P.. MUST be the top now!

Thankfully I have enough BND that I can look at to remind me of the state of the top.

BNDage top is in?

[EscapeVelocity2020]

LONG LIVE THE TOP!

Looks like it didn't live very long

[ChpBstrd]

Today's selloff is being attributed to DeepSeek:

A little-known artificial intelligence lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips.

https://www.cnbc.com/2025/01/24/how-chinas-new-ai-model-deepseek-is-threatening-us-dominance.html

The model was allegedly built for a mere $6M and runs on second-rate chips.

I'm skeptical, having heard marvelous technological claims come out of China, Russia, and India before that turned out to be mere academic fraud (e.g. pig to human heart transplants with no rejection, hydrogen from water at minimal cost, cold fusion).

But in this case, the CEO of Microsoft thinks it's a big deal:

“To see the DeepSeek new model, it’s super impressive in terms of both how they have really effectively done an open-source model that does this inference-time compute, and is super-compute efficient,” Microsoft CEO Satya Nadella said at the World Economic Forum in Davos, Switzerland, on Wednesday. “We should take the developments out of China very, very seriously.”

So what do you all think? Is the entire American AI industry a bloated sham that can be toppled by a few Chinese researchers on a shoestring budget?

If nothing else, I think we can agree that today's terrified market reaction suggests that valuations are stretched, investors are jittery, and the TOP IS IN.

[AuspiciousEight]

Wait - did I miss the top again?

I forgot to sell everything again...oops.

I guess I will wait for the next top to be in.

[EscapeVelocity2020]

...
So what do you all think? Is the entire American AI industry a bloated sham that can be toppled by a few Chinese researchers on a shoestring budget?

If nothing else, I think we can agree that today's terrified market reaction suggests that valuations are stretched, investors are jittery, and the TOP IS IN.

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

Seems legit to me.  Also, nuclear power stonk valuations, and many other AI adjacent industries were ripe for a sell-off.  The payoff for most of this stuff is years away, if ever.  And with the news, the payoff may actually go to the fast followers and more efficient implementation...

[techwiz]

If nothing else, I think we can agree that today's terrified market reaction suggests that valuations are stretched, investors are jittery, and the TOP IS IN.

Agree the TOP is in!

[blue_green_sparks]

What will Chinese workers do with all their new free time?

[41_swish]

The never-ending pump needs to dump once in a while

[SilentC]

Today's selloff is being attributed to DeepSeek:

A little-known artificial intelligence lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips.

https://www.cnbc.com/2025/01/24/how-chinas-new-ai-model-deepseek-is-threatening-us-dominance.html

The model was allegedly built for a mere $6M and runs on second-rate chips.

I'm skeptical, having heard marvelous technological claims come out of China, Russia, and India before that turned out to be mere academic fraud (e.g. pig to human heart transplants with no rejection, hydrogen from water at minimal cost, cold fusion).

But in this case, the CEO of Microsoft thinks it's a big deal:

“To see the DeepSeek new model, it’s super impressive in terms of both how they have really effectively done an open-source model that does this inference-time compute, and is super-compute efficient,” Microsoft CEO Satya Nadella said at the World Economic Forum in Davos, Switzerland, on Wednesday. “We should take the developments out of China very, very seriously.”

So what do you all think? Is the entire American AI industry a bloated sham that can be toppled by a few Chinese researchers on a shoestring budget?

If nothing else, I think we can agree that today's terrified market reaction suggests that valuations are stretched, investors are jittery, and the TOP IS IN.

I didn’t think selling the Trump hype and AI hype would converge but it seems likely.  I assumed NVDA would grind up to -5% by the time it was lunch on Wall Street but this is impressive. 

[Glenstache]

Today's unprecedented NASDAQ bloodbath is especially sobering when viewed in the context of past 12 months. FEAR IS IN!

[dragoncar]

Great day for a withdrawal rolleyes. 

But doesn’t cheap and easy AI make the economy more productive?  Shouldn’t stonks go up (minus nvda)

[GuitarStv]

But doesn’t cheap and easy AI make the economy more productive?

There's no indication of this so far.

[FireLane]

But doesn’t cheap and easy AI make the economy more productive?  Shouldn’t stonks go up (minus nvda)

Almost as if the AI-mongers don't really believe their own hype, and are just using AI as an excuse to pump their own stocks... but that would be crazy talk, right?

[Fru-Gal]

Today's selloff is being attributed to DeepSeek:

A little-known artificial intelligence lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips.

https://www.cnbc.com/2025/01/24/how-chinas-new-ai-model-deepseek-is-threatening-us-dominance.html

The model was allegedly built for a mere $6M and runs on second-rate chips.

I'm skeptical, having heard marvelous technological claims come out of China, Russia, and India before that turned out to be mere academic fraud (e.g. pig to human heart transplants with no rejection, hydrogen from water at minimal cost, cold fusion).

But in this case, the CEO of Microsoft thinks it's a big deal:

“To see the DeepSeek new model, it’s super impressive in terms of both how they have really effectively done an open-source model that does this inference-time compute, and is super-compute efficient,” Microsoft CEO Satya Nadella said at the World Economic Forum in Davos, Switzerland, on Wednesday. “We should take the developments out of China very, very seriously.”

So what do you all think? Is the entire American AI industry a bloated sham that can be toppled by a few Chinese researchers on a shoestring budget?

If nothing else, I think we can agree that today's terrified market reaction suggests that valuations are stretched, investors are jittery, and the TOP IS IN.

I LOVE these AI oligarchs crying about DeepSeek. BTW you can run DeepSeek locally, UNLIKE fucking OpenAI’s shit. THIS is why they were all ass-kissing Trump: Regulatory capture. As Google said a few years ago, THERE IS NO MOAT. And now here we are. I’m loving it!!!