Skip to content
Menu

EXCLUSIVE: AI Bubble In Sight? ‘Cow Guy’ Says ‘Sell’ When Your Uber Driver Buys In

Scott Shellady, the finance veteran widely known as the "Cow Guy," spoke candidly with Zenger News on Wednesday 
Getting your Trinity Audio player ready...

Scott Shellady, the finance veteran widely known as the “Cow Guy,” spoke candidly with Zenger News on Wednesday about his market perceptions, potential investment opportunities, and his thoughts on artificial intelligence (AI). Here’s what investors need to know.

Reacting to Fitch Ratings’ Tuesday downgrade of U.S. debt from AAA to AA+, Shellady voiced disbelief in the power of rating agencies to influence the economy, likening them to “a magazine on the shelf for your fantasy football draft pick.”

Though many investors are optimistic, Shellady is watching for economic warning signs. He said, “I can’t ignore all the small little indicators that nobody’s really talking about that are telling me, man, you should be very careful here now.”

Citing increasing corporate bankruptcies, auto loan delinquencies, foreclosures, and a rise in layoffs compared to last year, the Cow Guy indicated caution towards the current market situation.

Scott Shellady, the finance veteran widely known as the “Cow Guy,” spoke candidly with Zenger News on Wednesday about his market perceptions, potential investment opportunities, and his thoughts on artificial intelligence (AI). Here’s what investors need to know. PHOTO BY MINH PHAM/UNSPLASH

“If you had a grandmother that died and gave you five million bucks right now, I’m not putting it in the market, I’m just not,” Shellady stressed.

In the face of a potential AI bubble, Shellady provided a straightforward analogy to pinpoint when it might burst. Recalling the dotcom era, he believes the bubble might pop when even the most hesitant investorsenter the market.

“When the next time you get an Uber, and if that guy’s getting into AI, sell,” he humorously quipped.
Despite his overall bearish stance, Shellady sees a silver lining in AI, though he cautioned for prudence rather than pioneering.

Scott Shellady, the finance veteran widely known as the “Cow Guy,” spoke candidly with Zenger News on Wednesday about his market perceptions, potential investment opportunities, and his thoughts on artificial intelligence (AI). Here’s what investors need to know. PHOTO BY MINH PHAM/UNSPLASH

“I want to be like the fourth guy there. Let all these people go out there and waste their money with some of these stocks,” he advised.

Stable tech like Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) are the better opportunities in the AI realm, Shellady mentioned.

The Cow Guy emphasized that the consumer is the key to the economy right now, noting that consumers are currently “spending on fumes” with record-low savings rates and high credit card balances, warning a potential tipping point.

“When the consumer finally breaks, then this whole thing falls apart,” Shellady said.

Produced in association with Benzinga

“What’s the latest with Florida Man?”

Get news, handpicked just for you, in your box.

Check out our free email newsletters