Written by Bryan Lutz, Editor at Dollarcollapse.com:
So, every Sunday morning I sit down to write a few short thoughts.
Lately it’s been feeling a bit different. I’ve been writing more about stocks, more about making money in the market, protecting your wealth… that kind of stuff. I haven’t meant for it turn into something like this, but if it’s helpful, let me know. Also, as always, do your own due diligence. This is not financial advice. Consult your financial advisor before investing, but…
In any event, usually these Sunday thoughts cover other things like…
Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues affecting the markets, or the economy.
Here are three thoughts for this morning:
1. Everyone’s talking about the AI Bubble squeeze, data center build promises, and OpenAI’s profitability crisis. Now’s the time to be looking for profitable companies that have been in the data center building business for years. For example…
There’s a lot of doom and gloom around this era’s “dot com” bubble, the “AI” bubble.
After all, valuations are extreme, and concentration in the S&P 500 meets all the criteria for about a half-a-decade long bear market.
But remember, there were many companies like Cisco building the infrastructure behind the “dot com” bubble. They go down, then they are some of the first to recover. That’s because they have real earnings. They are provide the “picks and shovels” so to speak.
You just have to be thinking longer than today… or next week.
That’s an interesting historical perspective. Human nature doesn’t change, only the bubbles change. Or is it really different this time? pic.twitter.com/LGP5kTa2O2
— Michael A. Arouet (@MichaelAArouet) May 8, 2026
Here’s one example:
AECOM (ACM). It is a publicly-traded engineering/construction giant. AECOM has supported 11+ GW of global data center capacity through design, engineering, and construction management services across 45 countries.
AECOM has been around for 36 years as a standalone company, and has been publicly traded for about 19 years.
It was created in 1990 as a spin-off of Ashland Technology — when Ashland chose to return to its core petroleum refining business in the late 1980s, an employee buyback proposal led to the spin-off and the creation of AECOM (Architecture, Engineering, Construction, Operations, and Management) in 1990, which later led the company into supporting infrastructure for the internet.
There is caution to be taken here. That’s because AECOM is a huge company. It’s not flashy and does all the boring stuff, and it’s been doing all that boring stuff publicly for almost 20 years. So it can be slower (which I think is a good thing in a bubble racing to the top). It’s been having a few slower revenue prints over the last year. So it’s stock has dropped significantly compared to others in the same category.
The thing is, the fundamentals (backlog, margins, contracts) still look intact, which is why the debate is over whether the dip is the opportunity or the start of something worse.
The conservative play is to wait and see what happens with the larger market, whether it moves back up toward the 200MA or not.
The even more cautious route is to wait and see how concentration in the S&P 500 plays out. See if the bubble grows, or if it pops and how this stock reacts. That means more waiting.
2. Just like the S&P 500, the NASDAQ is up into the overbought territory. Here are some candidates for PUT Option plays.
Just a reminder that everything I say here is my opinion and not advice.
Our friends at Barchart posted this on Friday. The NASDAQ is overbought.
Take a look. —v
There are a couple of stocks inside the index that are candidates for small PUT options. If you don’t know what a put option is, it allows you to sell a stock at the price it is now if to drops down to or below your ‘strike’ price. So let’s say the stock is $100 and your strike is $80. Then it drops below $80. Congrats, you win the difference. You can sell at any time. But if the stock keeps going lower you win more…
Check out the bubble’s on these tech stocks.
We’ll start from OK then go to completely absurd.
First up is Amazon (AMZN), which has shot up over the 200MA, more than it has in the last 10 years.
In my opinion, there’s going to be a correction here soon.
Google is also bubble maxxing as our Gen Z friends would say.
The stock is racing to see how straight of a skyscraper is can make before we see “how the mighty fall.”
But Google is a little different for me, the long-term tools google is building out for AI make it an underdog. (It doesn’t get press like Anthropic or OpenAI.) Then the company also has been building quiet dominance in the self-driving taxi-car industry (Waymo is #1. They’re #1!) across the United States, which is slow growing subscription income. In the short-term, Google is rising with the tide. In the long-term, Google is one of the companies that I believe will recover and thrive after an AI crash, or a 20% sell-off in the market, overall.
Then we have the righteous Intel (INTC). Back in 2025, the Trump administration made a big investment into the company as an American chip manufacturer. Since then, it moved slowly back up forming a classic cup and handle pattern. But the moon shoot you see below is anything but normal. It’s absurd.
Intel’s stock shot up after an announcement of a preliminary AI chip manufacturing agreement with Apple. Negotiations and rumors have been going on for more than a year. *whisper* What happened here, you say? *whisper* *whisper*
Now the agreement seem to finally coming to a close. Even with signs of an agreement, I’d be surprised if there wasn’t at least a 10% sell off here.
The first two are blue chip stocks, and many people play options on them.
As they are right now, they’re all candidates for small PUT Option plays. over the next two weeks.
3. Silver took a hit this spring. Now we’re approaching summer with silver moving back up into the $80s. The precious metals market isn’t the same as its been, but when it comes to prices I tend to go with what has been most true for the longest period of time.
In the precious metals market, seasonal buying and selling is still a thing.
There’s still the January upside, and then there’s the end of August run.
August is Indian buying season. The reason why this is important isn’t only because of the seasonality. Last year, India made silver an official monetary asset in its banks. Anyone in India can now deposit up to 10 kg of silver into their bank account and borrow against it. The metal is already a favorite dowry. Now, families can make a deposit and exchange the metal as loan collateral.
So when you see the world’s biggest silver producer, Hecla Mining, descending in the chart below, and then moving sideways this time of year… I don’t think it matters too much whether silver will launch in the next few weeks, or tomorrow. Patience always pays off.
Enjoy your summer!
Sideways action is fine in the silver charts.
The late August, early September cycle up is just around the corner.
