Reuters: Risk of AI 'Correction' Rising

What BBN said about it

1. 

   Hank Ledger · Lead AnchorReuters Market Talk says the risk of an A-I correction is rising.

2. 

   Hank Ledger · Lead AnchorJoining us via satellite is economist Prudence Quillfeather, author of a book on exactly this.

3. PQ

   Prudence QuillfeatherThank you, Hank. I predicted this correction, and also the opposite of this correction, so I am legally correct today.

4. 

   Hank Ledger · Lead AnchorThat seems like cheating. Reuters says this could mean a pullback in mega-cap tech like Nvidia, Tesla and Microsoft. What do you see?

5. PQ

   Prudence QuillfeatherI see a bubble shaped like a hot tub. Everyone is in it, nobody checked the water, and someone definitely did something in it.

6. 

   Hank Ledger · Lead AnchorThat is an upsetting image. Your book says you called the last three turns. Which direction were those?

7. PQ

   Prudence QuillfeatherUp, down, and sideways. Chapter nine is called Sideways Is a Direction. It is available in hardcover and, regrettably, audiobook.

8. 

   Hank Ledger · Lead AnchorSo you called everything. Reuters says risk is rising, not that a drop is certain. Can you name one thing you would not predict?

9. PQ

   Prudence QuillfeatherHank, I once predicted my own divorce, and my wife. In that order. Neither took the hint.

10. 

    Hank Ledger · Lead AnchorI'll ask again. Is the A-I rally ending, yes or no? Opinions only. We have no data on timing.

11. PQ

    Prudence QuillfeatherYes. Or no. Either way, buy my book, which is not advice, but is thirty-four ninety-five, plus a bookmark shaped like a bear.

12. 

    Hank Ledger · Lead AnchorWe cannot tell people to buy anything, including your book. Prudence, how do you personally hedge this risk?

13. PQ

    Prudence QuillfeatherI keep my savings in a sock. A very large sock. Frankly, it is a sock fund, and it is outperforming my publisher.