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Goodguy  1d ago (text post)   Edited 1d ago   8417 thread views

Midterms Megathread

Cause otherwise midterms discussion will be scattered around a bunch of separate Culture War thread posts. And it's nice to have more off-the-cuff rapid reactions in a dedicated megathread.

The first thing I've noticed so far: if the exit polls are correct, Americans are very pessimistic about AI.

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Welp, so much for yesterday's stock market rally. The Nasdaq is off 4.5% today. Looks like it briefly hit 5.4% down. Officially in correction territory now, down more than 10% off the peak, and only up 6% YTD.

NVDA down 8%. Micron down 13%.

The steep dropoff means its likely a fund or two just got blown up. I guess people are digesting the data center votes.

Texas, Georgia, North Carolina, and other states going blue can't help either. Where is stuff going to get built now? Not to mention that taxes are going to go up a lot in 2029, if not earlier.

I've made fun of gold bugs in the past, but I think they might have a point.

Thanks for letting me know! I took out about $500 on short-term SPY puts yesterday expecting a downturn. Easiest 10x of my life.

Every degen has his day! Surprised its only a 10x to be honest.

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