Trader: Nasdaq down 4% in 5 days, AI-bubble selloff likely halfway through
JOBhakdi · x · 2026-10-17
Trader JOBhakdi's market read: the Nasdaq is down 4% in 5 days, and the current "AI bubble" tantrum is probably halfway through or more.
- He feels this selloff is more forced than last November or July — "everyone knows it's fake" and traders are already waiting for the rally.
- He expects short recoveries followed by more selling pressure next week; historically a rally before the midterms is unlikely, so he's waiting two weeks.
- Positioning: no strategic leverage, fully invested, only super-short-term tactical leverage with expected losses.
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