Market Observations & Dot-Com Era Comparison - The report suggests the artificial intelligence (AI) bubble has been bursting for weeks, drawing parallels to the year 2000 dot-com collapse [5] - The Dow Jones Industrial Average slipped 228 points, the S&P 500 tumbled 1.16%, and the NASDAQ plunged 1.81% [5] "Lazy Susan" Deals & Ethical Concerns - The report defines a "lazy Susan deal" as an investment where the money is immediately returned to the investor's company through purchases [3] - Such deals are considered legally and ethically problematic from an investor's perspective [3] - OpenAI is reportedly in talks to raise at least $10 billion from Amazon, with some funds potentially used for Amazon's AI chips, raising concerns about "lazy Susan" deals [6] Personal Experience & Cautionary Tale - The author recounts a past experience where they were asked to invest in a company in exchange for purchasing goods from that company [1][2][3] - The author's lawyer advised against the deal, which proved wise as the other company later collapsed [3][4]
Jim Cramer uses past lessons to prepare you for what to come
CNBC Television·2025-12-18 00:40