You can’t help but marvel at how surreal this market is. The U.S. stock market’s current trajectory really does have the suffocating feel of the subprime crisis all over again! Back then, the real estate market imploded and Lehman went bankrupt. The Fed flooded the market with money, making people think everything was fine—only for them to discover that the whole foundation was rotten with bad debt. After that, every day felt like a Black Friday, and there was no getting out.
Just look at the market now: it’s practically history repeating itself with a new cast. Chip giant $INTC plunged nearly 29% overnight, its worst performance in forty years—instantly becoming the semiconductor industry’s Lehman moment.
The worst off are the people who thought the bottom was in and jumped in to buy the dip. More than 7.2 million positions were liquidated in the futures market, almost all of them longs. Dip buyers were buried alive. Intel’s collapse sent $SOXL down 7%; $SNDK , Qualcomm, and AMD also plunged by double digits, and even Nvidia couldn’t hold up.
Before, it was bad mortgage debt that couldn’t be filled in. Now it’s the bottomless pit of AI spending. This kind of panic—huge sell-offs every day, with no chance to get out—is truly chilling.
Just look at the market now: it’s practically history repeating itself with a new cast. Chip giant $INTC plunged nearly 29% overnight, its worst performance in forty years—instantly becoming the semiconductor industry’s Lehman moment.
The worst off are the people who thought the bottom was in and jumped in to buy the dip. More than 7.2 million positions were liquidated in the futures market, almost all of them longs. Dip buyers were buried alive. Intel’s collapse sent $SOXL down 7%; $SNDK , Qualcomm, and AMD also plunged by double digits, and even Nvidia couldn’t hold up.
Before, it was bad mortgage debt that couldn’t be filled in. Now it’s the bottomless pit of AI spending. This kind of panic—huge sell-offs every day, with no chance to get out—is truly chilling.
