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lapfog_1

(31,384 posts)

52. I wish I could comment... but legally I cannot

Fri Oct 31, 2025, 05:00 PM

Oct 31

Bernado De la Paz is correct on almost all counts. He must also be a Heinlein fan...

AI will disrupt the workforce... the workforce will adapt.

Not all companies in the Mag 7 are laying off people... some are hiring like crazy.

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The Reason The Stock Market Is Booming [View all] gab13by13 Oct 31 OP

Except the data doesn't show that. Bernardo de La Paz Oct 31 #1

I got my information from one of my handful of news sources, gab13by13 Oct 31 #5

AI is the reason for the booming market. It's a bubble. Not the same kind of bubble as 2000 Bernardo de La Paz Oct 31 #9

Yup. Joinfortmill Oct 31 #17

The boom is clearly AI. From yesterday: https://www.democraticunderground.com/100220761906 flashman13 Oct 31 #32

Links in Reply titles do not work. The thing to do is to put them in the Reply text. . . . . nt Bernardo de La Paz Oct 31 #45

What data? BLS is shuttered UpInArms Oct 31 #6

ADP Has Been Publishing Job Reports For Many Years ProfessorGAC Oct 31 #42

Amazon is firing a bunch of people. Happy Hoosier Oct 31 #23

...and AI is taking their places and Wall Street loves that. gab13by13 Oct 31 #28

Maybe Rebl2 Oct 31 #38

Wall Street will love that, too. thought crime Oct 31 #57

Probably so or not Rebl2 Oct 31 #59

'The biggest cost of doing business: A closer look at labor costs' sop Oct 31 #2

And consumer spending is about 70 percent of US GDP BeyondGeography Oct 31 #3

Yes, and some economists are predicting gab13by13 Oct 31 #15

Other side of that coin: Employed labor are consumers. AI bots consume nothing, except maybe too much energy. n/t thesquanderer Oct 31 #21

Bingo! FakeNoose Oct 31 #26

They mistakenly believe in supply side economics gab13by13 Oct 31 #31

In Oligarch Utopia us workers (the great unwashed) won't be needed after we're all replaced with AI and automation. sop Oct 31 #34

Wait, I thought the robots were going to send us their paychecks... thought crime Oct 31 #58

"I'm sorry, Dave. I'm afraid I can't do that." UpInArms Oct 31 #4

Whoa! I love that. Good one. chouchou Oct 31 #24

The stock market was setting records before the 2000 dot com crash and doc03 Oct 31 #7

Exactly, people are investing in the market and/or gold questionseverything Oct 31 #41

(posted to wrong reply) Bernardo de La Paz Oct 31 #8

Scroll to the 34:54 mark gab13by13 Oct 31 #12

I reposted my post to another of your posts. . . . nt Bernardo de La Paz Oct 31 #14

Robots don't eat. If you starve workers, there's no one there louis-t Oct 31 #40

It's the only thing propping him up 617Blue Oct 31 #10

80% edhopper Oct 31 #11

Yes but Wall Street believes that AI is the future of the economy. gab13by13 Oct 31 #13

Other that massive amount of electricity, What goods and services will AI be purchasing and consuming? mackdaddy Oct 31 #18

Pox Noise will lead "the masses" to believe it's all the Democrats' fault. Wednesdays Oct 31 #27

The internet was the future also edhopper Oct 31 #44

Where the big money is.... Joinfortmill Oct 31 #16

The stock market has been decoupled from the economy at large... Wounded Bear Oct 31 #19

"just a casino" is reflex cynicism which is countered by overwhelming facts. Bernardo de La Paz Oct 31 #46

thank you Celerity Oct 31 #53

Fire the CEOs NameAlreadyTaken Oct 31 #20

Amazon in Wa state is laying off over 2000 Prairie_Seagull Oct 31 #22

Corporate earnings are strong iemanja Oct 31 #25

The current trajectory of AI is not sustainable. ToxMarz Oct 31 #29

They're all looking for that pot of gold hiding under the rainbow FakeNoose Oct 31 #35

Yup, and in the mean time the people behind each venture are living high on the investors money ToxMarz Oct 31 #39

We are overbuilding AI infrastructure bucolic_frolic Oct 31 #30

Don't Forget 401Ks wcollar Oct 31 #33

Nothing to worry about here... 3825-87867 Oct 31 #36

Do they not realize laying off people will result in less consumers paying their goods and services and it kimbutgar Oct 31 #37

It's not just AI that's up. Here are all the sectors of S&P 500. AI is through the roof, but other areas are also up. Melon Oct 31 #43

You give figures for increases, but no basis, so they are completely meaningless Bernardo de La Paz Oct 31 #47

That's 2025...the 11 sectors that are in the S&P 500 Melon Oct 31 #48

Thanks. I missed the YTD in your post. Bernardo de La Paz Oct 31 #49

AI for investment analysis. legallyblondeNYC Oct 31 #55

AI also creates competition. gulliver Oct 31 #50

It'll be the biggest bubble to burst ever al bupp Oct 31 #51

I wish I could comment... but legally I cannot lapfog_1 Oct 31 #52

Apples and oranges. legallyblondeNYC Oct 31 #54

There may not be as much as trump sez, but there is foreign investment driving prices higher. Turbineguy Oct 31 #56