hey it’s tim… you’re not on my list?

At this point, I've seen this behavior countless times in my five-decade career... I'm sure you've seen it, too.

Here Come the AI Curmudgeons By Marc Chaikin, founder, Chaikin Analytics At this point, I've seen this behavior countless times in my five-decade career... I'm sure you've seen it, too. I'm talking about the market's naysayers and curmudgeons. Specifically, I'm referring to the folks who don't miss an opportunity to complain loudly about anything they can. The market has dipped lower since the end of July. So the naysayers and curmudgeons are out in full force today. And this week, one headline in particular amused me. Take a look... Now, this article is just an opinion piece from a Bloomberg columnist. And I don't mean to call out the person who wrote it. But I still can't help but chuckle at the message. I've said it before... I don't have a crystal ball. I work in quantitative analysis. I've spent many decades selling technical tools to Wall Street. And by design, that means I had to stay on the leading edge of technology. Wall Street pros simply won't pay top dollar for a tool if everyone else already has it. To get their attention, you need to be able to show them something new and useful. And yet, every time something new comes out, some of the loudest opposition comes from these Wall Street pros. They just want to say, "This is nothing. It won't change the world." Today, I want to look at what history says about that type of mindset... Recommended Links: MUST-SEE: A Massive Switch for the Markets If you're concerned about the U.S. credit rating downgrade... interest rate hikes... inflation... a potential recession... or if this "new bull market" will last – pay close attention. Because there's an EVEN BIGGER market event looming. A world-renowned professor who called the 2008 and 2020 crashes lays out all the details right here. Involved in Any of These 45 Companies? Look Out! Analyst who called Lehman Bros. collapse issues new warning involving 45 specific firms in more than a dozen industries. Are your bank, savings, or investments on this danger list? Click here to find out. Heck, I bet some early humans even panned the invention of the wheel. I can just imagine the writing on the cave wall saying, "This new round thing won't change much." In fact, we even have written record of the wheel being panned more recently. No kidding... While discussing the "hot fad" of bicycles in 1902, the Washington Post said, "The popularity of the wheel is doomed." And in 1906, the New York Sun noted, "As a fad, cycling is dead." History is full of other bad calls on innovation, too... The curmudgeons criticized the invention of cars as well. In the early days, the New York Times said that prices "will never be sufficiently low to make them as widely popular as were bicycles." And people didn't think the infrastructure would ever make cars practical. The list is just as silly in recent years... The curmudgeons saw the answering machine as a novelty for rich people. And they thought laptops would fail as well. In 1995, a Newsweek writer even predicted the Internet would fail within a year. This wasn't wild commentary from an uneducated author, either. He lived in Silicon Valley! The guy was saturated in the game-changing technology at the time. And yet, he thought it had reached its peak before it even got off the ground. Specifically, in the article, he said...   Hardware and software will all top out in the mid-90s and, thus, the Internet will never ever get any more user-friendly or portable. Also, it is different and scary. Folks, that brings me to today's game-changing technology... I don't have a crystal ball. But it doesn't take magic to see that something big is happening. The curmudgeons will tell you that all the recent talk about artificial intelligence ("AI") is much ado about nothing. But kids in schools are already using generative AI to write papers. And their teachers can't figure out which papers are "real" and which ones are AI-written. Like it or not, AI is here to stay. And it will only get bigger in the months and years ahead. Now is the time to prepare. We should start positioning our portfolios to capitalize today. Good investing, Marc Chaikin P.S. I just put together a special presentation on the massive opportunity in AI today. Specifically, I've pinpointed five companies that Wall Street is focusing on – including one under-the-radar stock that's trading for 1/12th the price of Nvidia (NVDA). It could become the No. 1 winner of the AI boom. This is a must-see presentation. Click here to learn more. Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.76% 10 16 4 S&P 500 -0.76% 126 277 96 Nasdaq -1.09% 39 52 8 Small Caps -1.13% 468 993 477 Bonds -0.43% Energy +1.20% 10 12 1 — According to the Chaikin Power Bar, Small Cap stocks are somewhat more Bearish than Large Cap stocks. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Energy -0.68% Health Care -1.00% Utilities -1.65% Information Technology -2.04% Industrials -2.46% Financial -2.53% Materials -2.54% Staples -2.58% Communication -2.95% Real Estate -3.30% Discretionary -4.27% *  *  *  * Industry Focus Aerospace & Defense Services 9 15 7 Over the past 6 months, the Aerospace & Defense subsector (XAR) has underperformed the S&P 500 by -8.35%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #12 of 21 subsectors and has moved down 1 slot over the past week. Top Stocks VVX V2X, Inc. AIR AAR Corp. GD General Dynamics Cor *  *  *  * Top Movers Gainers MRNA +7.40% CSCO +3.34% JNPR +3.06% PFE +2.90% KEY +2.37% Losers CVS -8.14% CI -6.38% CDAY -5.78% RMD -5.13% DHI -5.04% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close DE NDSN, PANW No earnings reporting today. Earnings Surprises ROST Ross Stores, Inc. Q2 $1.32 Beat by $0.16 AMAT Applied Materials, Inc. Q3 $1.90 Beat by $0.15 WMT Walmart Inc. Q2 $1.84 Beat by $0.13 KEYS Keysight Technologies, Inc. Q3 $2.19 Beat by $0.15 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. 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