Some #bubblewatch reading.
> AI still doesn't work very well, businesses are faking it, and a reckoning is coming. https://www.theregister.com/2026/03/17/ai_businesses_faking_it_reckoning_coming_codestrap/
> Deeks argues that if you built an AI system from first principles, it would look drastically different from what's offered today. All the talk about the disappearance of software engineering and office work, he said, "we don't subscribe to any of that."
The central thesis? We don't even know the right metrics to apply to #AI use in #business.
[contd]
Tuesday 3-17 #bubblewatch
Slight gains today. But no indication gains will continue through the week.
> Wall Street ends up as traders focus on Fed. https://www.reuters.com/business/wall-street-futures-slip-higher-oil-prices-fuel-inflation-worries-ahead-fed-2026-03-17/
In fact, there is even some #AI #bubble action as:
> "Worries about pricey AI-related stocks, along with uncertainty about the Middle East conflict, have dropped the S&P 500 about 4% from its record high close on January 27."
Monday 3-16 #bubblewatch
And the rollercoaster goes for yet another round. Up today.
> Stocks rise as oil prices fall; flurry of central bank meetings on tap. https://www.reuters.com/world/china/global-markets-global-markets-2026-03-16/
Once again? This is just stupid people believing obvious lies.
> "There's things out there that are leading people to believe that we're going to be able to open and defend the Straits of Hormuz. I don't know that I'm buying that one, but that's what's causing the rally," said Stephen Massocca…
I've been tracking the stock market closely since last September and posting about it here on a thread I call #bubblewatch.
And?
And I no longer believe in the wisdom of the crowd.
Or I don't when it comes to the stock market, because in that case the crowd is a drooling imbecile with no memory and a tendency to believe any lies coming from the government. (But only on the day the lie is told. Not the next day.)
Weekend #bubblewatch reading. The thesis? "Because bubbles are good, really."
> Even Silicon Valley Says That AI Is a Bubble. An AI crash could bring down the economy. Some in the tech world think that’s the price of progress. https://www.theatlantic.com/technology/2026/03/ai-bubble-defenders-silicon-valley/686340/
Archive link:
Why in the hell doesn't Wikinews have an #RSS feed?
> https://en.wikinews.org/wiki/Main_Page
(There might be one somewhere, but it isn't auto-discoverable and I can't find a link.)
ETA: I'm thinking of moving my #bubblewatch thread over to Wikinews. Anyone have thoughts on this?
Friday 3-13 #bubblewatch
Friday the 13th is an unlucky day for stock values as we enter a fifth straight week of market downturn.
> Wall St drops, set for weekly loss as war on Iran fuels inflation worries. https://www.reuters.com/business/wall-st-futures-subdued-middle-east-unrest-fuels-inflation-worries-data-awaited-2026-03-13/
So, where are we now?
IDX Week Month
Dow -1.76% -5.74%
NASDAQ -1.13% -1.84%
S&P -1.37% -2.78%
FTSE -0.23% -1.77%
Thursday 3-12 #bubblewatch
You know that big drop before the rollercoaster inverts and screams around a corner with you hanging upside down?
We just went over the top and started dropping. Don't be surprised if you lose your keys and wallet. And don't look at your investments today…
> Wall St dives as Iran war heats up, soaring crude prompts flight to safety. https://www.reuters.com/business/wall-street-futures-drop-middle-east-tensions-lift-oil-above-100-2026-03-12/
The CNN 'Fear and Greed Index' has dropped all the way down to 'Extreme Fear'.
Wednesday 3-11 #bubblewatch
More rollercoaster. The USA Administration lies about the Iran war, stocks go up; oil goes down. The lies are exposed, stocks go down; oil goes up. It must be stomach churning for the traders on that ride – but I want to know why they buy the lies in the first place.
> S&P 500, Dow end lower as escalating Iran war sours risk appetite. https://www.reuters.com/business/wall-st-futures-rise-hopes-early-end-middle-east-conflict-2026-03-10/
Note that this is actually from early morning YESTERDAY, simply updated for today's market close.
Tech shares led U.S. stocks modestly higher on Tuesday as hopes for an earlier-than-expected end to the U.S.-Israeli war on Iran persisted against a backdrop of renewed military threats and ongoing worries of economic stagflation.
Update for 3-10:
After I posted today's #bubblewatch the market went kerblewie. (kerblooie?)
> Wall St closes mixed on ramped-up Middle East tensions. https://www.reuters.com/business/wall-st-futures-rise-hopes-early-end-middle-east-conflict-2026-03-10/
NOTE: The spellchecker is proposing 'bloodsucker' as the proper spelling for 'kerblooie'. I'm not sure what to make of that…
Tech shares led U.S. stocks modestly higher on Tuesday as hopes for an earlier-than-expected end to the U.S.-Israeli war on Iran persisted against a backdrop of renewed military threats and ongoing worries of economic stagflation.
Jack William Bell
