Global stocks tumble as AI panic grips markets after Democrats' midterm success | Hacker News Reader

Global stocks tumble as AI panic grips markets after Democrats' midterm success

theguardian.com

36 pointsdrayfield17 comments

Open articleView on HN

More discussions: https://news.ycombinator.com/item?id=50381623

https://news.ycombinator.com/item?id=50382179

https://news.ycombinator.com/item?id=50384822

https://archive.is/wrmqf

The Guardian is not paywalled?

It's getting more paywalled as time passes.

Trump admin kinda prop the stocks high and oil price low to have better midterm odds. That wouldnt matter now, so expect price and value normalization

Say what you will about him, Elon got his IPO money at peak valuation. Seems unlikely that Anthropic and Openai will get nearly as much.

Yep that man is an operator, He knows the game inside out and boy does he play it.

I worry we're heading into a bit of post hoc ergo propter hoc here.

Election results may have been the last straw, but not all the straws.

Stock market reporting is always pretty funny. "Stocks went up because the Democrats won!" "Stocks went down because the democrats won!"

I think it's just a chaotic system and, apart from extreme events, it's impossible to know what the actual reasons for most movements are.

> Stock market reporting is always pretty funny. "Stocks went up because the Democrats won!" "Stocks went down because the democrats won!"

Both of these can be true. The reporting is just capturing the sentiment driving the market. There might be a relief rally that things will stabilize now, followed by a panic that data centers will not be built according to the expected schedule.

There is a reason price changes are often modelled as a random walk for valuation and risk models.

I thought modern American Democrats are like the biggest defenders of corporate interests?

Compared to early- and mid-1900's American Democrats, they definitely are.

But when enough voters are angry enough about something specific, then most politicians reveal that their #1 loyalty is to their own careers.

And besides, the AI billionaires failed to freely share their billions with the Democrats before this election. Can't let that kind of behavior go unpunished.

Hard to say. It used to be Republicans that had that title, but their support now seems to come with expectations of ideological alignment.

There is a wing of the Democratic party which is definitely not a reflexive defender of corporate interests, but is unclear how much power it's going to have within the party.

Alternative headline: "Sanity prevails at the ballot box and on Wall Street"

"tumble", "panic", basically FUD.

Oh, boo-hoo.

Reply on news.ycombinator.com