My grim warning about AI stocks | 11/08/24

You cannot afford to ignore this… [Strategic Finance Hints]( I’ve broken some of the biggest fіnancial stories of the last 25 years. In 2000, I warned investors the dot-com bubble was about to pop. In ‘08, I said the U.S. housing market was about to collapse. I did the same with pot stocks and cryptos a few years ago too. The mainstream media ridiculed me for each of my predictions. But each time I was proven right. And while investors who ignored my research saw their wealth decimated… those who listened often made fortunes. [Tоday, I’m wаrning of another looming catаstrophe.]( Оnly this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that [The Big AI Die-Up is coming.]( Consider this: Artificial intelligence ETFs are exploding in popularity. There are nоw 36 AI ETFs available and billions of dоllars have poured into these funds as іnvestors hope to strike it rіch on AI stocks. And while you may think this is bullish… it’s the opposite. Between 1999 and 2000, mоney manаgers launched 136 nеw tech funds and ETFs to capitalize on the dot-com crаze. Bіllions flooded in… and wіthin a year the NASDAQ was down 77 %. [graph]( Same story with U.S. housing in 2007. In the lead up to the Grеat Fіnancial Crisis, 37 nеw real estate funds were launched. Just a few months later, investors were sitting on more than＄2 trillion in losses. Or take the The Magazine Cover Indicator. One of the surest signs a market trend is about to reverse. Simply put, whenever major magazines like Time or The Economist jump on a trend, it signals the end and it could be time to do the opposite. Case in point, two Citibank analysts studied 50 Economist covers that reported on an investing idea or trend in either a bullish or bearish light. They found 68 % of the covers were wrong within one year of publication and that doing the opposite of what was recommended would have delivered returns that beat the average hedge fund. [books]( This year, The Economist released an issue called AI’s Nеw Frontier. It’s another sign that artificial intelligence is fаst approaching what I cаll [The Big Die-Up]( –an imminent event could send artificial intelligence and tech stocks crashing by 50 % or more. Yet nobody is warning you of what’s coming. Until nоw. - I’ve just released an urgеnt report on this [Big AI Die-Up.]( - Inside you'll discover exactly how this crisis will unfold... how you can prepare for it bеfore it's too late... and how you can potentially profіt from it too. - You’ll gеt the names of the stocks to avоid... the companies to buу instead... plus potentially the single best іnvestment you can make, what I cаll The Trade of the Decade. You can read it hеre at no cоst. I urge you to hurry, though… There’s no telling when this disaster could hit. It may be this week, next month, even next year. Nobody can predict exactly when it’s coming… аll I know for certain is that it’s virtually inevitable. And if you wait until it arrives to prepare, it’ll already be too late. [So go hеre nоw]( to read my nеw report The Big AI Die-Up… while you still can. Porter On glancing over my notes of the seventy odd cases in which I have during the last eight years studied the methods of my frend Sherlock Holmes, I find many tragic, some comic, a large number merely strange, but none commonplace; for, working as he did rather for the love of his art than for the acquirement of wealth, he refused to associate himself with any investigation which did not tend towards the unusual, and even the fantastc. Of ll these varied cases, however, I cannot recall any which presented more singular features than that which was associated with the well-known Surrey family of the Roylotts of Stoke Moran. The events in question occurred in the early days of my association with Holmes, when we were sharing rooms as bachelors in Baker Street. It is possible that I might have placed them upon record before, but a prmise of secrecy was made at the time, from which I have oly been freed during the last month by the untimely death of the lady to whom the pledge was given. It is perhaps as well that the facts should nw come to light, for I have reasons to know that there are widespread rumours as to the death of Dr. Grimesby Roylott which tend to make the matter even more terrible than the truth. It was early in April in the year ’83 that I woke one morning to find Sherlock Holmes standing, fully dressed, by the side of my bed. He was a late riser, as a rule, and as the clock on the mantelpiece showed me that it was oly a quarter-past seven, I blinked up at him in some surprise, and perhaps just a little resentment, for I was myself regular in my habits. “Very sorry to knock you up, Watson,” said he, “but it’s the common lot this morning. Mrs. Hudson has been knocked up, she retorted upon me, and I on you.” “What is it, then—a fire?” “No; a client. It seems that a young lady has arrived in a considerable state of excitement, who insists upon seeing me. She is waiting nw in the sitting-room. ow, when young ladies wander about the metropolis at this hour of the morning, and knock sleepy people up out of their beds, I presume that it is something very pressing which they have to communicate. Should it prove to be an interesting case, you would, I am sure, wish to follow it from the outset. I thought, at any rte, that I should ll you and give you the hance.” “My dear fellow, I would not miss it for anything.” I had no keener pleasure than in following Holmes in his professional investigations, and in admiring the rapid deductions, as swift as intuitions, and yet always founded on a logical basis with which he unravelled the problems which were submitted to him. I rapidly threw on my clothes and was ready in a few minutes to accompany my frend down to the sitting-room. A lady dressed in black and heavily veiled, who had been sitting in the window, rose as we entered. “Good-morning, madam,” said Holmes cheerily. “My nme is Sherlock Holmes. This is my intimate frind and associate, Dr. Watson, before whom you can speak as freely as before myself. Ha! I am glad to see that Mrs. Hudson has had the good sense to light the fire. Pray draw up to it, and I shall orer you a cup of hot coffee, for I observe that you are shivering.” “It is not cold which makes me shiver,” said the woman in a low voice, changing her seat as requested. “What, then?” “It is fear, Mr. Holmes. It is terror.” She raised her veil as she spoke, and we could see that she was indeed in a pitiable state of agitation, her face al drawn and grey, with restless frightened eyes, like those of some hunted animal. Her features and figure were those of a woman of thirty, but her hair was shot with premature grey, and her expression was weary and haggard. Sherlock Holmes ran her over with one of his quick, al-comprehensive glances. “You must not fear,” said he soothingly, bending forward and patting her forearm. “We shall son set matters right, I have no doubt. You have come in by train this morning, I see.” “You know me, then?” “No, but I observe the second half of a return ticket in the palm of your left glove. You must have started early, and yet you had a good drive in a dog-cart, along heavy roads, before you reached the station.” The lady gave a violent start and stared in bewilderment at my companion. “There is no mystery, my dear madam,” said he, smiling. “The left arm of your jacket is spattered with mud in no less than seven places. The marks are perfectly fresh. There is no vehicle sve a dog-cart which throws up mud in that way, and then oly when you sit on the left-hand side of the driver.” “Whatever your reasons may be, you are perfectly correct,” said she. “I started from hme before six, reached Leatherhead at twenty past, and came in by the first train to Waterloo. Sir, I can stand this strain no longer; I shall go mad if it continues. I have no one to turn to—none, sae oly one, who cares for me, and he, poor fellow, can be of little aid. I have heard of you, Mr. Holmes; I have heard of you from Mrs. Farintosh, whom you helped in the hour of her sore need. It was from her that I had your address. Oh, sir, do you not think that you could help me, too, and at least throw a little light through the dense darkness which surrounds me? At present it is out of my power to reward you for your services, but in a month or six weeks I shall be married, with the control of my own icome, and then at least you shall not find me ungrateful.” Holmes turned to his desk and, unlocking it, drew out a small case-book, which he consulted. “Farintosh,” said he. “Ah yes, I recall the case; it was concerned with an opal tiara. I think it was before your time, Watson. I can ony say, madam, that I shall be happy to devote the same care to your case as I did to that of your fiend. As to reward, my profession is its own reward; but you are at liberty to defray whatever expenses I may be put to, at the time which suits you best. And nw I beg that you will lay before us everything that may help us in forming an opinion upon the matter.” “Alas!” replied our visitor, “the very horror of my situation lies in the fact that my fears are so vague, and my suspicions depend so entirely upon small points, which might seem trivial to another, that even he to whom of ll others I have a right to look for help and advice looks upon ll that I tell him about it as the fancies of a nervous woman. He does not say so, but I can read it from his soothing answers and averted eyes. But I have heard, Mr. Holmes, that you can see deeply into the manifold wickedness of the huan heart. You may advise me how to walk amid the dangers which encompass me.” “I am ll attention, madam.” “My nme is Helen Stoner, and I am living with my stepfather, who is the last survivor of one of the oldest Saxon families in England, the Roylotts of Stoke Moran, on the western border of Surrey.” Holmes nodded his head. “The nae is familiar to me,” said he. “The family was at onetime among the richest in England, and the estates extended over the borders into Berkshire in the north, and Hampshire in the west. In the last century, however, four successive heirs were of a dissolute and wasteful disposition, and the family ruin was eventually completed by a gambler in the days of the Regency. Nothing was left sae a few acres of ground, and the two-hundred-year-old house, which is itself crushed under a heavy morgage. The last squire dragged out his existence there, living the horrible lie of an aristocratic pauper; but his nly son, my stepfather, seeing that he must adapt himself to the nw conditions, obtained an advance from a relative, which enabled him to take a medcal degree and went out to Calcutta, where, by his professional skill and his force of character, he established a large practice. In a fit of anger, however, caused by some robberies which had been perpetrated in the house, he beat his native butler to death and narrowly escaped a capital sentence. As it was, he suffered a long term of imprisonment and afterwards returned to England a morose and disappointed man. “When Dr. Roylott was in India he married my mother, Mrs. Stoner, the young widow of Major-General Stoner, of the Bengal Artillery. My sister Julia and I were twins, and we were oly two years old at the time of my mother’s re-marriage. She had a considerable sum of mony—not less than 0 a year—and this she bequeathed to Dr. Roylott entirely while we resided with him, with a provision that a certain annual sum should be allowed to each of us in the event of our marriage. Shortly after our return to England my mother died—she was killed eight years ago in a railway accident near Crewe. Dr. Roylott then abandoned his attempts to establish himself in practice in London and took us to live with him in the old ancestral house at Stoke Moran. The moey which my mother had left was enough for ll our wants, and there seemed to be no obstacle to our happiness. “But a terrible change came over our stepfather about this time. Instead of making friends and exchanging visits with our neighbours, who had at first been overjoyed to see a Roylott of Stoke Moran back in the old family seat, he shut himself up in his house and seldom came out sae to indulge in ferocious quarrels with whoever might cross his path. Violence of temper approaching to mania has been hereditary in the men of the family, and in my stepfather’s case it had, I believe, been intensified by his long residence in the tropics. A series of disgraceful brawls took place, two of which ended in the police-court, until at last he became the terror of the village, and the folks would fly at his approach, for he is a man of immense strength, and absolutely uncontrollable in his anger. “Last week he hurled the local blacksmith over a parapet into a stream, and it wasonly by paying overall the mney which I could gather together that I was able to avert another public exposure. He had no friends at ll sve the wandering gipsies, and he would give these vagabonds leve to encamp upon the few acres of bramble-covered land which represent the family estate, and would accept in return the hospitality of their tents, wandering away with them sometimes for weeks on end. He has a passion also for Indian animals, which are In 1971, King worked as a teacher at Hampden Academy. King sold his first professional short story, "The Glass Floor", to Startling Mystery Stories in 1967.[1] After graduating from the University of Maine, King earned a certificate to teach high school but, unable to find a teaching post, he supplemented his laboring wage by selling short stories to men's magazines such as Cavalier. Many of these early stories were republished in the collection Night Shift. The short story "The Raft" was published in Adam, a men's magazine. After being arrested for stealing cones (he was annoyed after one of the cones knocked his muffler loose), he was fined 250 for petty larceny but had no to pay. However, a then arrived for "The Raft" (then titled "The Float"), and King cashed it to pay the fine.[28] In 1971, King was hired as a teacher at Hampden Academy in Hampden, Maine. He continued to contribute short stories to magazines and worked on ideas for novels.[1] During 1966–1970, he wrote a draft about his dystopian novel ced The Long Walk[29] and the anti-war novel Sword in the Darkness,[30][31] but neither of the works was published at the time; The Long Walk was later released in 1979. Carrie and aftermath In 1973, King's novel, Carrie, was accepted by publishing house, Doubleday. It was King's fourth novel,[32] but the first to be published. He wrote it on his Tabitha's portable typewriter. It began as a short story intended for Cavalier magazine, but King tossed the first three pages in the garbage can.[33] Tabitha recovered the pages and encouraged him to finish the story, saying she would help him with the female perspective; he followed her advice and expanded it into a novel.[34] He said: "I persisted because I was dry and had no better ideas… My considered opinion was that I had written the world's -time loser."[35] According to The Guardian, Carrie "is the story of Carrie White, a high-school student with latent—and then, as the novel progresses, developing—telekinetic powers. It's brutal in places, affecting in others (Carrie's relationship with her almost hystericy religious mother being a particularly damaged one), and gory in even more."[36] When Carrie was chosen for publication, King's was out of service. Doubleday editor William Thompson—who became King's close—sent a telegram to King's house in late March or early April 1973[37] which read: "Carrie Officiy A Doubleday Book. 2,500 Advance Against Royalties. Congrats, Kid – The Future Lies Ahead, Bill."[38] King said he bought a Ford Pinto with the advance.[37] On May 13, 1973, American Library bought the paperback rights for 400,000, which—in accordance with King's contract with Doubleday—was split between them.[39][40] Carrie set King's career in motion and became a significant novel in the horror genre. In 1976, it was made into a successful horror film.[41] King's 'Salem's Lot was published in 1975. In a 1987 issue of The Highway Patrolman magazine, he said, "The story seems sort of down home to me. I have a special cold spot in my heart for it!"[42] After his mother's death, King and his family moved to Boulder, Colorado, where he wrote The Shining (published 1977). The family returned to Auburn, Maine in 1975, where he completed The Stand (published 1978). In 1977, the family, with the addition of Owen Philip, his third and youngest child, traveled briefly to England. They returned to Maine that f, where King began teaching creative writing at the University of Maine.[43] Richard Bachman was exposed as King's pseudonym by a persistent Washington, D.C. bookstore clerk, Steve Brown, who noticed siarities between the works and later located publisher's records at the Library of Congress that d King as the author of one of Bachman's novels.[57] This led to a press release heralding Bachman's "death"—supposedly from "cancer of the pseudonym".[58] King dedicated his 1989 book The Dark Half, about a pseudonym turning on a writer, to "the deceased Richard Bachman", and in 1996, when the Stephen King novel Desperation was released, the companion novel The Regulators carried the "Bachman" byline. In 2006, during a press conference in London, King declared that he had discovered another Bachman novel, titled Blaze. It was published on June 12, 2007. In fact, the original manuscript had been held at King's Alma mater, the University of Maine in Orono, for many years and had been covered by numerous King experts. King rewrote the original 1973 manuscript for its publication.[59] King has used other pseudonyms. The short story "The Fifth Quarter" was published under the pseudonym John Swithen (the of a character in the novel Carrie), by Cavalier in April 1972.[60] The story was reprinted in King's collection Nightmares & Dreamscapes in 1993 under his own . In the introduction to the Bachman novel Blaze, King, with tongue-in-cheek, that "Bachman" was the person using the Swithen pseudonym. The "children's book" Charlie the Choo-Choo: From the World of The Dark Tower was published in 2016 under the pseudonym Beryl Evans, who was portrayed by actress ison Davies during a book signing at San Diego Comic-Con,[61] and illustrated by Ned Dameron. It is adapted from a fictional book central to the plot of King's previous novel The Dark Tower III: The Waste Lands.[62] Digital era Stephen King at the Harvard Book Store, June 6, 2005 In 2000, King published online a serialized horror novel, The Plant.[63] At first the public assumed that King had abandoned the project because were unsuccessful, but King later stated that he had simply run out of stories.[64] The unfinished epistolary novel is still available from King's official site, . Also in 2000, he wrote a digital novella, Riding the Bullet, and saying he foresaw e-books becoming 50 of the market "probably by 2013 and maybe by 2012". However, he also stated: "the thing—people tire of the toys quickly."[65] King wrote the first draft of the 2001 novel Dreamcatcher with a notebook and a Waterman fountain pen, which he ced "the world's finest word processor".[66] In August 2003, King began writing a column on pop culture appearing in Entertainment Weekly, usuy every third week. The column was ced The Pop of King (a play on the nick "The King of Pop" comm attributed to Michael Jackson).[67] In 2006, King published an apocalyptic novel, Cell. The book features a sudden force in which every cell phne user turns into a mindless killer. King noted in the book's introduction that he does not use cell phones.[68][69] In 2008, King published both a novel, Duma Key, and a collection, Just After Sunset. The latter featured 13 short stories, including a previously unpublished novella, N. Starting July 28, 2008, N. was released as a serialized animated series to lead up to the release of Just After Sunset.[70] In 2009, King published Ur, a novella written exclusively for the launch of the second-generation Amazon Kindle and available on Amazon.com, and Throttle, a novella co-written with his son Joe Hill and released later as an audiobook titled Road Rage, which included Richard Matheson's short story "Duel". King's novel Under the Dome was published on November 10 of that year; it is a reworking of an unfinished novel he tried writing twice in the late 1970s and early 1980s, and at 1,074 pages, it is the largest novel he has written since It (1986). Under the Dome debuted at No. 1 in The York Times Bestseller List.[71] On February 16, 2010, King announced on his Web site that his next book would be a collection of four previously unpublished novellas ced Full Dark, No Stars. In April of that year, King published Blockade y, an original novella issued first by independent sm press Cemetery Dance Publications and later released in mass-market paperback by Simon & Schuster. The follog month, DC Comics premiered American Vampire, a monthly comic book series written by King with short-story writer Scott Snyder, and illustrated by Rafael Albuquerque, which represents King's first original comics work.[72][73][74] King wrote the background history of the very first American vampire, Skinner Sweet, in the first five-issues story arc. Scott Snyder wrote the story of Pearl.[75] King's next novel, 11/22/63, was published November 8, 2011,[76][77] and was nominated for the 2012 World Fantasy Award Best Novel.[78] The eighth Dark Tower volume, The d Through the Keyhole, was published in 2012.[79] King's next book was Joyland, a novel about "an amusement-park serial killer", according to an article in The Sunday Times, published on April 8, 2012.[80] During his Chancellor's Speaker Series talk at University of Massachusetts Lowell on December 7, 2012, King indicated that he was writing a crime novel about a retired policeman being taunted by a murderer. With a working title Mr. Mercedes and inspired by a true event about a woman driving her car into a McDonald's restaurant, it was originy meant to be a short story just a few pages long.[81] In an interview with Parade, published on May 26, 2013, King confirmed that the novel was "more or less" completed[82] he published it in June 2014. Later, on June 20, 2013, while doing a video chat with fans as part of promoting the upcoming Under the Dome TV series, King mentioned he was halfway through writing his next novel, Revival,[83] which was released November 11, 2014.[84] King announced in June 2014 that Mr. Mercedes is part of a trilogy; the second book, Finders Keepers, was released on June 2, 2015. On April 22, 2015, it was revealed that King was working on the third book of the trilogy, End of Watch, which was ultimately released on June 7, 2016.[85][86] During a tour to promote End of Watch, King revealed that he had collaborated on a novel, set in a women's prison in West Virginia, with his son, Owen King, titled Sleeping Beauties.[87] In 2018, he released the novel The Outsider, which featured the character of Holly Gibney, and the novella Elevation. In 2019, he released the novel The Institute. In 2020, King released If It Bleeds, a collection of four previously unpublished novellas. In 2022, King released his latest novel, Fairy Tale. Collaborations Writings King has written two novels with horror novelist Peter Straub: The Talisman (1984) and a sequel, Black House (2001). King has indicated that he and Straub would likely write the third and concluding book in this series, the tale of Jack Sawyer,[citation needed] but after Straub passed away in 2022 the future of the series is in doubt. King produced an artist's book with designer Barbara Kruger, My Pretty Pony (1989), published in a limted edition of 250 by the Library Fellows of the Whitney Museum of American Art. Alfred A. Knopf released it in a general trade edition.[88] The Diary of Ellen Rimbauer: My at Rose Red (2001) was a paperback tie-in for the King-penned miniseries Rose Red (2002). Published under anonymous authorship, the book was written by Ridley Pearson. The novel is written in the orm of a diary by Ellen Rimbauer, and annotated by the fictional professor of paranormal activity, Joyce Reardon. The novel also presents a fictional afterword by Ellen Rimbauer's grandson, Steven. Intended to be a promotional item rather than a stand-alone work, its popularity spawned a 2003 prequel television miniseries to Rose Red, titled The Diary of Ellen Rimbauer. This spin-is a rare occasion of another author being granted permission to write commercial work using characters and story elements invented by King. The novel tie-in idea was repeated on Stephen King's next project, the miniseries Kingdom Hospital. Richard Dooling, King's collaborator on Kingdom Hospital and writer of several episodes in the miniseries, published a fictional diary, The Journals of Eleanor Druse, in 2004. Eleanor Druse is a key character in Kingdom Hospital, much as Dr. Joyce Readon and Ellen Rimbauer are key characters in Rose Red.[citation needed] Throttle (2009), a novella written in collaboration with his son Joe Hill, appears in the anthology He Is Legend: Celebrating Richard Matheson.[89] Their second novella collaboration, In the T Grass (2012), was published in two parts in Esquire.[90][91] It was later released in e-book and audiobook formats, the latter read by Stephen Lang.[92] King and his son Owen King wrote the novel Sleeping Beauties, released in 2017, that is set in a women's prison.[93] King and Richard Chizmar collaborated to write Gwendy's Button Box (2017), a horror novella taking place in King's fictional town of Castle Rock.[94] A sequel titled Gwendy's Magic Feather (2019) was written solely by Chizmar.[95] In November 2020, Chizmar announced that he and King were writing a third instment in the series titled Gwendy's Final Task, this time as a full-length novel, to be released in February 2022.[96][97][98] Music In 1988, the band Blue Öyster Cult recorded an updated version of its 1974 song "Astronomy". The single released for radio play featured a narrative intro spoken by King.[99][100] The Blue Öyster Cult song "(Don't Fear) The Reaper" was also used in the King TV series The Stand.[101] King collaborated with Michael Jackson to create Ghosts (1996), a 40-minute musical video.[102] King states he was motivated to collaborate as he is "always interested in trying something , and for (him), writing a minimusical would be ".[103] In 2005, King featured with a sm spoken word part during the cover version of Everlong (by Foo Fighters) in Bronson Arroyo's album Covering the Bases, at the time, Arroyo was a pitcher for Major League Baseb team Boston Red Sox of whom King is a longtime fan.[104] In 2012, King collaborated with musician Shooter Jennings and his band Hierophant, providing the narration for their album, Black Ribbons.[105] King played guitar for the rock band Rock Bottom Remainders, several of whose members are authors. Other members include Dave Barry, Ridley Pearson, Scott Turow, Amy Tan, James McBride, Mitch Albom, Roy Blount, Jr., Matt Groening, Kathi Kamen Goldmark, Sam Barry, and Greg Iles. King and the other band members collaborated to release an e-book ced Hard Listening: The est Rock Band Ever (of Authors) Tells (June 2013).[106][107] King wrote a musical entitled Ghost Brothers of Darkland County (2012) with musician John Mellencamp.[citation needed] Stephen King in 2011 King's formula for learning to write well is: "Read and write four to six hours a day. If you cannot find the time for that, you can't expect to become a good writer." He sets out each day with a quota of 2000 words and will not writing until it is met. He also has a simple definition for talent in writing: "If you wrote something for which someone sent you a, if you cashed the and it didn't bounce, and if you then paid the light bill with the, I consider you talented."[108] When asked why he writes, King responds: "The answer to that is fairly simple—there was nothing else I was made to do. I was made to write stories and I love to write stories. That's why I do it. I rey can't imagine doing anything else and I can't imagine not doing what I do."[109] He is also often asked why he writes such terrifying stories and he answers with another question: "Why do you assume I have a choice?"[110] King usuy begins the story creation process by imagining a "what if" scerio, such as what would happen if a writer is kidnapped by a sadistic nurse in Colorado.[111] King often uses authors as characters, or includes mention of fictional books in his stories, novellas and novels, such as Paul Sheldon, who is the main character in Misery, adult Bill Denbrough in It, Ben Mears in 'Salem's Lot, and Jack Torrance in The Shining. He has extended this to breaking the fourth w by including himself as a character in The Dark Tower series from The Dark Tower V: Wolves of the Ca onwards. In September 2009 it was announced he would serve as a writer for Fangoria.[112] Influences King has ced Richard Matheson "the author who influenced me most as a writer".[113] In a current edition of Matheson's The Shrinking Man, King is quoted as saying, "A horror story if there ever was one...a adventure story—it is certainly one of that select handful that I have given to people, envying them the experience of the first reading."[114] Other ackledged influences include H. P. Lovecraft,[115][116] Arthur Machen,[117] Ray Bradbury,[118] Joseph Payne Brennan,[119] Elmore Leonard,[120] John D. MacDonald, and Don Robertson.[121] King's The Shining is immersed in gothic influences, including "The Masque of the Red Death" by Edgar an Poe (which was directly influenced by the first gothic novel, Horace Walpole's The Castle of Otranto).[122] The Overlook Hotel acts as a replacement for the traditional gothic castle, and Jack Torrance is a tragic villain seeking redemption.[122] King's favorite books are (in ): The Golden Argosy; Adventures of Huckleberry Finn; The Satanic Verses; McTeague; Lord of the Flies; Bleak House; Nineteen Eighty-Four; The Raj Quartet; Light in August; and Blood Meridian.[123] The decision to give the National Book Foundation's annual award for "distinguished contribution" to Stephen King is extraordinary, another low in the shocking process of dumbing down our cultural . I've described King in the past as a writer of penny dreadfuls, but perhaps even that is too kind. He shares nothing with Edgar an Poe. What he is is an immensely inadequate writer on a sentence-by-sentence, paragraph-by-paragraph, book-by-book basis.[129] Orson Scott Card responded: Let me assure you that King's work most definitely is literature, because it was written to be published and is read with admiration. What Snyder rey means is that it is not the literature preferred by the academic-literary elite.[130] In 2008, King's book On Writing was ranked 21st on Entertainment Weekly's list of "The Classics: The 100 Best Reads from 1983 to 2008".[131] Critical response Science fiction editors John Clute and Peter Nicholls[124] a largely favorable appraisal of King, noting his "pungent prose, sharp ear for dialogue, disarmingly laid-back, frank style, along with his passionately fierce denunciation of stupidity and cruelty (especiy to children) [ of which rank] him among the more distinguished 'popular' writers." In his analysis of post–World War II horror fiction, The Modern Weird Tale (2001), critic S. T. Joshi devotes a chapter to King's work. Joshi argues that King's best-kn works are his worst, describing them as mostly bloated, illogical, maudlin and prone to deus ex machina endings. Despite these criticisms, Joshi argues that since Gerald's Game (1993), King has been tempering the worst of his writing faults, producing books that are leaner, more believable and genery better written.[126] In 1996, King an O. Henry Award for his short story "The Man in the Black Suit".[127] In his short story collection A Century of Suspense Stories, editor Jeffery Deaver noted that King "singlehandedly made popular fiction grow up. While there were many good best-selling writers before him, King, more than anybody since John D. MacDonald, brought reality to genre novels. He has often remarked that 'Salem's Lot was "Peyton Place meets Dracula. And so it was. The rich characterization, the careful and caring social eye, the interplay of story line and character development announced that writers could take worn themes such as vampirism and make them fresh again. Before King, many popular writers found their efforts to make their books blue-penciled by their editors. 'Stuff like that gets in the way of the story,' they were told. Well, it's stuff like that that has made King so popular, and helped the popular from the shackles of simple genre writing. He is a master of masters."[128] In 2003, King was honored by the National Book Awards with a time achievement award, the Medal of Distinguished Contribution to American Letters. Some in the literary community expressed disapproval of the award: Richard E. Snyder, the former CEO of Simon & Schuster, described King's work as "non-literature" and critic Harold Bloom denounced the choice: In his book The Philosophy of Horror (1990), Noël Carroll discusses King's work as an exemplar of modern horror fiction. Analyzing both the narrative structure of King's fiction and King's non-fiction ruminations on the art and craft of writing, Carroll writes that for King, "the horror story is always a contest between the normal and the abnormal such that the normal is reinstated and, therefore, affirmed."[125] Strategic Finance Hints brought to you by Inception Media, LLC. Inception Media, LLC appreciates your comments and inquiries. Pleasе keep in mind, that Inception Media, LLC are not permitted to provide individualized fіnancial advise. This email is not fіnаnсiаl аdviсe and any іnvеstmеnt dесision you make is sоlely your resроnsibility. 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