Krystal Ball

Money being more expensive increases the cost.

And it also demonstrates, as he was talking about with the bonds, making it less attractive to bet on these ultra risky high investments.

Like, I mean, you got Micron out there up like a thousand percent and all these other chip companies which are up, you know,

by boatloads, AMD is up by 200%, Nvidia is up by God only knows how much, Google, Meta, everybody.

They all got hammered largely either because of the bond issue, interest rates, and then sometimes things just kind of break.

Now I do want to be clear on the day that we're recording this, it currently does look like the market is actually up.

It's up by some .85%.

So it's a race, maybe like a percent or so of the general drop that it had.

We don't want to make too much of the drop itself.

We're trying to look for the rockiness

of where some of the investor beliefs are and what that will mean in the future.

So for example, let's put D2 up there on the screen.

There was all that carnage in the chip stocks, quote, hit extra hard in the top heavy market.

Everything has been dependent now on a small group of big tech companies, which they specifically point to Micron,

Super McEuter, and SanDisk, they all lost more than 11% in a single day.

Cisco and Nvidia dropped 6%.

Caterpillar, lately apparently in AI play because of its power and energy business, fell by 3.8%.

All of that you can point to these semiconductor indexes and others combined to erase more than 1.2 trillion in market value on the single day.

And the chip story really was the big story out of the general drop.

and I think highlights how much of the current market is dominated in this one sector.