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Arthur · 5 answers · 9d

The US stock market registered a noticeable decline in tech stocks just because a chinese AI company announced their newest generative model was cheaper to operate. Are investors dumb? I maintain my opinion that tech companies are overvalued but that decline felt pretty exaggerated.

that's all that economies boil down to - humans, psychology, etc ...things like faith and fear/panic drive markets as much as anything else so to answer your question, yes humans will do dumb shit and drag down markets

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