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Amazon plunge continues $1T wipeout as AI bubble fears ignite sell-off

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Re: Amazon plunge continues $1T wipeout as AI bubble fears ignite sell-off

#91
post #89

Earlier quoted context omitted.

You can find posts on this site every day with people say they're seeing big productivity gains. I'm sure they'll all lying though, right? Or, because it hasn't solved all of the world's problems yet then I guess it doesn't count? Maybe you're the one overhyping AI.

I think their point was: at this point we should see clear macro effects. There should be new software that wasn't possible yesterday (or feasible, etc). Something big and new, and high quality. AI helps me too, and I feel like I ship more now. But what if it's just a feeling and I'm not doing anything groundbreaking? What if I'm just doing what I've always done but at slighly more speed?

> There should be new software that wasn't possible yesterday

This is exactly the overhyping the critics are continuing to strawman their complaints with.

Speaking for myself, I think AI is better than the average dev. And yes I think it is affecting hiring.

But this is very different from saying I think it will do new things that weren't possible yesterday.

Re: Amazon plunge continues $1T wipeout as AI bubble fears ignite sell-off

#92
post #29

Earlier quoted context omitted.

We should just blame "the willies". Investment is all about belief. When the root cause is the willies, then we hallucinate reasons together. Crypto and memes have demonstrated us a lot about the drives of individual investors. Unfortunately it seems that professional investors are not that much more rational (from my limited personal experience with a small hedge fund, and from my years of looking at markets). My fa…

Speculation involves belief, sure. However, there is hard math involved in markets as well, and the yen carry trade equation exists whether you believe in it or not.

I love your juxtapositioning!

Can the yen carry trade equation exist outside of belief?

Edit: I just noticed your comment is the one result for your "equation"!! https://duckduckgo.com/?q=%22yen+carry+trade+equation%22

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