https://x.com/zerohedge/status/2052736520172236873
By the same logic this could be a canary in the coal mine 
What does this mean in this instance? 
Of course I have a conflict of interest but I think we are definitely past beyond 50% of the AI hype wave. People are already discovering that AI employees screw up and can’t do as much and as quickly as they want.
Of course AI made shovelware much easier to produce than before – that much is true. But if you want a sustainable and profitable business, you need to maintain, code and multiple other aspects alike.
What we are without a doubt witnessing is that AI allowed 100x more experiments. Stuff that would take you months of hard work and almost monopolize your life can now take you two weekends of focused work + AI chats to materialize and try your idea.
I am glad that people can try stuff. But in the bigger picture literally nothing changes; you still have to maintain your product if you want to have lasting customers. AI bots are mostly terrible at maintaining.
I can’t predict how much longer exactly will the current craziness last. But one thing is IMO certain: it cannot lost for too long.
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It was a semi-serious observation from the contrarian in me, a media-as-contrary-indicator contrarian, to be more specific.
I agree with the points you’ve made here, but that’s how we the insiders see the picture. Fundamentals are extremely important over the long run but they do not determine the exact timing of trends. The Keynes’ famous thought “Markets can remain irrational longer than you can remain solvent” best describes this phenomenon (btw, it’s the second time I quote him on this forum and I don’t even like the guy - but this particular thought of his was correct).
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