When - not if - AI breaks, the broader market can fall as much as 40–50% very quickly because the indexes are so heavily tipped toward AI.
They are no longer diversified investments by any cogent definition of those words.
They are, in fact, concentrated risks in a narrative, and very little else.
The riskiest place to be right now is a passive investor in an index fund.
Jeffrey Epstein, to Ghislaine Maxwell:
"meet him... boring, rich hick, remember he is the one who was blackmailed by the gir in p.b., from donad trumps party"
Epstein directing Maxwell toward a man he described as already blackmailed. His name is redacted. EFTA02332225
Israel’s military says it is prepared for multiple days of fighting with Iran, assumes that a full resumption of the war is possible.
The US has not participated in the strikes but Israel says it is in “full coordination” with CENTCOM and US forces have engaged Iranian missiles.
The Houthis have also launched ballistic missiles Israel today and have announced a new blockade against Israeli ships in the Bab al-Mandeb Strait and the Red Sea
The IDF briefs military correspondents:
- Preparing for at least several days of fighting
- The Americans are assisting in intercepting the missiles
- So far, Iran has launched 22–24 missiles, and the Houthis have fired two
- From the IDF’s perspective, this is not a new operation but a continuation of Operation Roaring Lion.
#Israel's IDF says its strike on a petrochemical complex in southwest #Iran this morning aimed to destroy infrastructure used by Iran to produce raw materials for the manufacture of missiles.
https://t.co/qO40clt9lk
What’s even more remarkable is that Jeffrey Epstein appears to have been receiving regular FBI-related updates in his inbox, including information concerning Edward Snowden.