Tech Bust Begins: Asian Markets Plummet & Tech Stocks Enter Correction

>> everybody. This is Gerald Celente and it's Friday, November 6th 2026 and here are some of today's trends in the news. And remember, the trend is your friend. And what you're getting from the Trends Journal you don't get anywhere else in the world. You can see the comments and the people that subscribed. So please subscribe. The more subscribers we have, the more we could do it help change the direction in a more positive way. So let's start with the markets. Where the markets are still open as we're going on the air. The Dow's down 111 points. The S&P's up some 0.67 and the Nasdaq is up uh 1.48 %. This is after recovering from its uh the Nasdaq its worth slump in 19 months. That happened yesterday. Yep. So uh was down 5.5 %. It was down much higher lower worse than that during the day. And now it's it had closed 10 % below its record high, which brings it now into correction territory. And uh the Dow was down yesterday 118 points. The S&P lost 4.4 %. And uh Micron shares were up today 3 %. They down 17 % yesterday. Oh, Nvidia is up 2 %. Was down 9 % All right? This is serious what's going on. The scale of the falls in some of the market's biggest names has been striking, but it also highlights the concentration risk that is built up in the US equity markets. Stuart Clark, portfolio manager at Quilter said to CNBC in an email, yeah, no He goes on to say with a relatively small number of technology and semiconductor stocks now carrying so much weight, weakness in those names quickly translates into sizable falls for the Nasdaq and the S&P 500. Old news. Again, we've been saying this and you're going to the dot com bust has already begun. They're going to try to do everything they can to artificially prop this thing up. It ain't going to work because it's also going global and we'll get to that in a minute. The so-called magnificent seven down one trillion dollars in total market capitalization yesterday. Yep. And they go on in CNBC to say top Democrats have called for the curbing of data center build outs since the party's big election. You got it. And it's going to happen. Data build outs are going to bring this thing down because people don't want them. And that was a big part of the election. Meanwhile, the the job numbers are better than expected and the payrolls increased 1,000 uh excuse me, 165,000 in October. So, that's on a positive note. Gold was down 26 bucks as we went on the air, selling at 4,061. Silver, ah, up 8 cents, 51 75. Bitcoin, down about 300 bucks, selling at 75 717. Now, this is important. With the Trump team wiped out and the, ah, crypto kings donating all this dough that they did to the Republican primaries, they're not going to have the crypto power that they had before coming, ah, January 3rd when the Democratic majority takes over the both houses of Congress. So, our positive viewpoint of Bitcoin has now turned negative. The Nikkei, talking about how bad things got hit today, was down five, almost 6%. The KOSPI index that we talk about that nobody else does, yeah, the South Korean index that's very, very heavily high tech and semiconductor weighed up is way down. It's down six over 6% today and it's down 46% from its high this year. It's still up, but down 46%. That means a lot of people got wiped out. This was the headline on Thursday in Wall Street Journal. Election results push up Dow more than 1,500 points. Market surged on Wednesday after US voters dealt a re- resounding blow to keep pillars of President Trump's economic agenda. Yep, and they go on to say say how it it went up. And Brent Crude Brent Crude plunged 8.7% $94 and 68 cents. Oh, and now it's up. It was 90 $4.62 on Wednesday. It's $98.51 as we go on the air. So, this was the story from CNBC. Stocks plummeted on Thursday erasing sharp gains from the rally scene. Yeah, just a whole bunch of crap. Apollo puts record 114 billion into AI boom. So, where's this going to go? Well, they said Apollo has emerged as a key lender to big technology groups as they seek to raise billions of dollars to fund AI infrastructure. You mean the AI infrastructure that a majority of the people don't want and was a big issue in the people voting for the Democrats who don't want it as much as the repulsive can still. They go on to note, this is Financial Times. Apollo is on track to attract about 80 billion dollars in new insurance cash this year. The group recorded a net loss of 1.1 1 billion overall when accounting for markdowns to its debt. Adjusted net income used by analysis as better proxy for its cash flows was 1.3 billion, a bit worse than expected. So again, we see this um this anti-AI data center being a big issue. And again, as we said, this is an article from Euro News. European campaigners bring the data center backlash to Europe. Over 100 rights groups across 15 European countries will protest the rapid development of energy-hungry data centers, calling for immediate moratorium on new large-scale projects. The Stop Dirty Data Centers protest will be taking place this Friday and Saturday in Poland, Denmark, Finland, Spain, Netherlands, France, and the UK. All right? This is serious stuff. And um they go on to say annual investment in data center projects in Europe has reached 12 billion in 2020 to 20 five billion euros this year with total spending expected to hit 176 billion between 2026 and 20 31 according to PC PWC Global Data Center Outlook. This thing is going to crash. The people don't want it. They're going to fight it. But you got the National Economic Council director Kevin Hassett, yeah, said Friday told CNBC he expects data center growth to continue as projected despite the blue wave election. You know what that is? It's more to artificially prop up the markets. Is >> That was >> You got it. All these clowns right wrong Hey, straight to all open, all right? Hey, we got we got naval ships bringing oil tankers through the straight of all right. Artificially propping this thing up. The bust is there. It's coming. And again, hardly a word go to the front pages of of the of all of the top places hardly anything about what's going on with it what happened to the Nikkei or the Kospi Index. And China steps up defensive stocks to boost flagging tech. This is Financial Times. Yep. The CSI 300 is down 11% this year. And the Star 50 which is which at its peak was up more than 60% this year is also in the red. That's from the Financial Times. So again, please hit the like and subscribe. We're getting black shadow banned, blacklisted. They don't like me because I won't swallow I'm not a switch swallower. I don't vote repulsive Democrat. Yeah. Anyway, China holds listings at large stake state sales in push to reverse prolonged downturn in stocks. Financial Times. Yep. This is serious. Again, China is going to lead the world in AI, but there's way over investing in it. And Eurozone inflation rises to a three-year high. Isn't nice? And they go on to note that annual energy inflation continue to rise to 20.8% the highest level since January 2023 and above the 18.9% rate in September. Thanks to the war. The Iran war brought to you by two warmongers, Netanyahu and Trump. It's costing 8 billion people a paying the price. So what we're going to see when you look at these inflation numbers is stagflation, declining economic growth and rising inflation. Let's see over here the International Energy Agency is warning that gas market tightness extending into 2027. Is this war going to end? We don't think so. We think it's going to continue and again it's costing the whole world. Australia raises rates to the highest level since 2008. And how come? The government has repeatedly pointed to external factors including the war in the Middle East as the key factor driving up inflation. That's from the Financial Times. All right? Again, this war's cost everybody and it's also cost Trump and the repulsive the elections. Article in the Wall Street Journal two days ago. Brookfield exits from LA Tower. Developer chooses to walk away from property rather than refinance the debt. They go on to say that downtown LA was gutted by the pandemic and has been teetering on recovery since. Not not gutted by the pandemic, GUTTED BY SLIMEBALL AND THAT LOCKED DOWN THE country near you. Oh, little got SOME GAVIN NEWSOM. HEY, I'M GOING TO RUN FOR PRESIDENT NOW. I'M THE SCUMBAG THAT WHEN I LOCKED EVERYTHING DOWN, I WAS AT THE FRENCH LAUNDRY WITH MY friends eating out of a about $400 a person or 200 or whatever. YEAH. THAT'S SCUMBAG AND ALL THE OTHER SCUMBAGS IN A COUNTRY AND CITY NEAR YOU THAT UP THE ENTIRE WORLD WITH THEIR LOCKDOWNS. BUT THEY blame it ON THE PANDEMIC BECAUSE THEY'RE PROSTITUTES, THEY'RE MEDIA THAT SOLD THE AND BLACKLISTED YOU BECAUSE YOU WOULDN'T SWALLOW THE SPEWING OUT OF THAT LITTLE PRICK FAUCI'S MOUTH. OH, AND ALL YOU TRUMP FANS, HE'S THE GUY THAT LOCKED DOWN AMERICA ON BLACK FRIDAY, MARCH 13, 2020. And take that COVID JAB. OPERATION WARP SPEED FOR WARP PRICKS. AND I couldn't say the OTHER WORD. ALL RIGHT, THIS IS REAL. THEY'RE HARDLY REPORTING THIS. YOU'RE LOOKING AT A TOP COMPANY, BROOKFIELD. All right? Brookfield is setting existing from the property rather than refinancing the building for $360 million bucks. BEFORE THE PANDEMIC, BEFORE THE SCUMBAG BASTARDS AND LOCKED DOWN THE WORLD, DOWNTOWN LA was developers' favorite spot to build new apartments. Hordes of people were moving in for new jobs. West Coast builders sought as a cheaper alternative to more highly regulated much as San Francisco. From 2017 to 2021 more than 10,000 new apartments were built. ALL RIGHT? SCUMBAG BASTARDS. AND NOBODY TALKS ABOUT IT. NOBODY TALKS ABOUT IT. OH, THEY HATE ME. OH, YEAH. When I had peace rallies with the lockdown going on, I said, you, LITTLE ANDY CUOMO. COME DOWN AND LOCK ME DOWN. COME AND TRY IT, YOU LITTLE PRICK. YOU LITTLE SCUMBAG. AND DON'T SEND YOUR GUYS TO DO IT. YOU COME AND do it and try TO STOP IT. THIS COVID WAR HAS UP THE ENTIRE WORLD. ANYWAY, UH moving on. No end in sight in Democrats Israel split. The New York Times. Yep. This guy who they're bringing in for the uh this Mr. what the hell's his name? Um it's going to be the the house leader for the for the Democrats. He's pro Israel. In Congress, Democrats support for Israel has been waning through lawmakers or split. Ba ba ba ba. But uh they still support it. So we're going to see what happens. Um it will be hard to halt USA to Israel. This is an article in the Wall Street Journal yesterday. And it goes on to say Israel is one of the biggest recipients of US military aid in the world, receiving about 3.3 billion in funding annually. you believe this? You ready? You and me, the moronic little stupid pieces of who have to pay our TAXES SO THESE SCUMBAG POLITICIANS DON'T HAVE TO WORK AND GET ALL THIS RETIREMENT MONEY AND ALL THE SCUMBAG BUREAUCRATS WITH THEM, 174 billion dollars in military assistance and funding since they invented Israel in 1948. And that's not adjusted for inflation, so it's way higher. All right? So we're going to have to see what happens because Arab allies brace for war as US deadline looms. That's in a New York Times article. They're saying that they're looking for this war to increase. Pentagon has no media plans to renew Iran strike, says the President, but you know what it is. One day after another, it's nothing more than >> detected. Take precaution. >> It's Trump One lie after another. Yep. We seem to be getting everything we want. YEAH, WE'RE GETTING EVERYTHING WE WANT. HEY, HEY FACE, HOW MUCH IS BRENT CRUDE? SHUT THE UP, SELENTI. DON'T YOU REMEMBER MY STATE OF THE UNION ADDRESS? FOUR DAYS BEFORE ME AND NETANYAHU BEGAN THE WAR. HEY, HEY BECAUSE OF ME, because of me, all the average price of gas in in most states are $2.30. All right, all right. How's he get away with this crap? He's not. He's not and the and the things are showing it. Asked about a strong hints by Israeli Prime Minister Netanyahu that there would be an attack this week, Trump said, quote, I'm ready. We're ready. We're locked and loaded. I'M A DRAFT DODGER FIVE TIMES. WE'RE LOCKED AND LOADED. IF WE NEED TO GO, but there may be no reason for it. Yep. Yep. Anyway, Tehran, yep. Russia gives military support to Iran despite on war. This is in an article in today's Financial Times. And um Re he Trump claimed recently that Moscow is doing very little if anything to help the Islamic Republic. You know what that is? >> level Defcon five. >> Yep. And Trump says the Iran war was worth it despite the uh election loss. He said uh he asked if it was worth it. He said, I do. Yeah, I mean, well, you have no choice. The Iran thing we had to do. And we continue to do it. Can you believe this We had to do it. Hey. Why everybody everybody sells the they're going to have a nuclear weapon. Again, look at the cover of your March 10th Trends Journal. This is why Trump said he was going to why he attacked Iran. It was my opinion that they, Iran, were going to attack us first. Yep. And we say shove your opinion up your ass. You don't start wars based on opinions. Again, he gets away with this crap. Yep. And he blamed he said um he said he said uh asked if he had second thoughts about the war. He said, I don't think about it. I did the right thing. I would have done it again. All right. All right. I'LL DO ANY THING I WANT. ALL RIGHT. YEAH. QUOTE, it was a point in time and it wasn't on the ballot, Trump said. The biggest issue is that I wasn't on the ballot. Could you imagine that? Remember he said told people that when they go out to vote to pretend he's on the ballot. Yep. And this is an article I think after campaigning after campaigning on ending foreign wars, Trump waged one of one of his own triggering the spiraling conflict that has seen the deaths of more than 20 US service members cost American taxpayers more than $47 billion and pushed up the cost of everything from freight to fertilizer. That's even from the Wall Street Journal. Yep. Oh, and oh again, if your name was on the ballot exit polls show many US voters saw midterm election as a rebuke to Trump. All right? If your name was on the ballot Hey, you. you. YOU'RE ONLY TALKING ABOUT THE FACTS. I NEVER TALK ABOUT FACTS. I'M TRUMP. I JUST SAY ANY THING I WANT. ALL RIGHT? ALL RIGHT? SO YOU AND THE FACTS. HEY, remember remember when Trump said when they showed the polls how bad the repulsive guns were going to do? Hey, it's all fake. It's all fake. Yeah, fake you. Yep. 43% said one reason for their votes was to express opposition to Trump higher than the share who said the same thing in the 2018 midterm elections. Yep. You got it right there. And to make it clear, voters expressed more unfavorable than favorable views of the Republicans and Democrats. The polls showed. Almost one in five said they would have favorable opinions of either party, at least five percentage points more than the share who said so in the past two midterm elections. It's a crime syndicate as we say in our cover of this week's Trends Journal. Election day, vote for your favorite member of the two-party crime syndicate. And the people feel it. Yep. Up, Gen Z dumps repulsive kins. What did we say? Gen Z revolution is going on all over the world. We were the first to call it and it's real and it's only going to continue to escalate. And two important articles here. Trump's White House maps path to govern without Congress if Democrats win. This was in Reuters two days before the election. President Trump's White House has spent months preparing for possible Democratic takeover of Congress, developing plans to keep advancing major parts of his agenda through executive power. And Wall Street Journal article in yesterday's paper, Democrats face limits in putting check on President's foreign policy. So will this war escalate? It may well. And the big tech billionaire $600 million splurge splurge fails to blunt voter fury on data centers. That's another article from the Financial Times going back to all that money they spent to convince people for the data centers and it ain't working. Again, this thing the money didn't work, said one political operative who had coordinated coordinated spending with in the midterms. Elon Musk spent a half a billion dollars and lost every race he showed up in. Yep. And I'm back to the Ukraine war. Moscow pounds Ukraine's energy facilities. There's no end in sight for this war. It's only going to continue. And they're going to be blaming Russia for more and more of what's going on, even if they do it or don't do it. Russian air threat disrupts daily life in Poland, another Financial Times article. And uh that's just some of it. And again, we have an article in this week's Trends Journal about the danger of these LED lights. Yep. And there's an article that just came out that the FDA rejects petition to study health impacts of LED lights. The FDA has denied a citizen's petition urging it to study the health impacts of LED lights and report its finding to Congress despite a recent study showing LED light bulbs can suppress melatonin more than incandescent light bulbs. Congress is considering a bill that would Yep, yep. And you got is the Biden administration made it uh nearly impossible to buy incandescent bulbs. So bad situations are only going to get worse. And here's another article in today's New York Times. Archdiocese of New York completes $800 million settlement over sex abuse. These priests little boys. Imagine how disgusting this is. And again, what they did to me, Sister Marie Rosary, may you rot in hell for beating the out of me and perferated my middle ear and breaking my eardrum. I should get some of that money. I'm a happy father Foley was a ladies man. You know, it could've been worse. This is disgusting what they're doing. All over the world, all over the world, these Catholic priests little boys. Disgusting. And where the are you? How come you're not out there for peace? Oh, we're busy doing other stuff. Again, one religion after another. I believe in what Karl Marx said, it's the opiate for the masses. Where the hell are they? How come they're not out there for peace? Pass the basket, pass the basket. All right. Please watch the interview I did yesterday with Judge on Wednesday with Judge Napolitano. Very important. 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