Crystal Balls, Soothsayers and AI, Oh My!

May 02, 2023

by Charles Hugh Smith Of Two Minds

As long as we mint millions from a Never-Ending Bull Market, we’ll always stay one step ahead of the Debt Monster. AI! .

Of the many astounding developments of the current era (AI!), none is more remarkable than the proliferation of soothsayers peering into crystal balls to predict The Most Important Trend In The Universe–a Bull or Bear stock market. The computing power and wealth thrown at conjuring up charts, statistics and forecasts is astounding in and of itself, but the proliferation of crystal balls and soothsayers is even more astounding.

After reviewing hundreds of charts, statistics and forecasts on the most arcane correlations and the deepest data-dives (AI!), I’ve reached soothsayer satori: the secret to insuring a Never-Ending Bull Market in which monumental wealth will be piled up by all those entities (software and wetware alike–AI!) who buy every tiny dip and continuously roll over their zero-expiration-day-call-options is this: