Think of it like your household budget when someone tells you a financial catastrophe is coming, but there’s no proof it will happen. The scare alone can make you cut back on spending.

Last week, a notorious leftist blogger predicted a catastrophic collapse in the AI industry and how this could drag down major tech companies. In reality, these dire warnings were unfounded, yet they sent shockwaves through Wall Street, causing significant drops in stock prices for companies like Uber (UBER), Mastercard (MA), and American Express (AXP).

As a former teacher, I’ve seen firsthand how misinformation can lead to poor decision-making. This incident shows that fear-mongering, especially from far-left sources, is not only irresponsible but also harmful to economic stability.

To understand the full impact of these warnings, consider your own budget at home. Imagine if someone told you that next month’s rent or mortgage payment would be twice as high, with no evidence backing up this claim. Would you still go out and buy a new car? Probably not. The same principle applies to companies.

The ripple effect from these warnings is troubling for my generation and even more so for the younger folks who are just starting their careers or building businesses. When fear takes over, it doesn’t matter if there’s no evidence—people react.

I stayed up last night thinking about this. It felt like those dark days when I didn’t know how we would pay rent. That level of uncertainty is not something anyone should have to face.

So what can be done? We need clear and reliable information to make decisions, both as individuals and a society. The financial markets are too important to let them be swayed by fear without proof.