The AI revolution promised wealth but it quietly destroys jobs and echoes the worst moments of the 2008 crash. Two Nasdaq charts confirm the top and warn of a coming 40% collapse

For the record, U.S. stocks peaked in October 2007 and the economy entered recession in December 2007. As of now, the S&P 500 peaked in October.

ADP private payroll job creation year to date is at the same level it was at when the GFC recession started.

Is the AI super bubble killing jobs? It’s not creating jobs, that much we know.

This society of aspiring idiots is doomed to self destruct. That has been my consistent hypothesis. Now we’re watching it happen.

Two extremely important charts both suggest a 40% sell-off:

Nasdaq NDX ✨
Nasdaq Composite✨

The NDX has formed a very ominous yet elegant ascending broadening pattern, solidifying a top confirmed by the Nasdaq Composite’s broadening pattern on the daily chart.

Short of an extraterrestrial newfound planetary trading pattern, the top is in.

We have begun the Danse macabre.