Right, so there I was this week, watching over a trillion dollars evaporate from Big Tech stocks like water down a drain, and I had one of those moments where you’re simultaneously vindicated and absolutely terrified. You know the feeling? When you’ve been quietly skeptical about something everyone else was losing their minds over, and then reality catches up?

The AI bubble is showing some serious cracks. Not popping yet—let’s be clear about that—but definitely making some ominous creaking sounds. A trillion dollars wiped off Big Tech valuations is apparently just “a bit of volatility” these days. Which tells you everything you need to know about how detached from reality this whole situation has become.

Something feels eerily familiar about the recent Tesla all-hands meeting where employees were instructed to hold onto their plummeting stock. The echoes of similar corporate narratives from the past - Enron, Lehman Brothers, and countless others - are impossible to ignore.

The stock has dropped 50%, and management’s response is to tell employees not to worry and keep holding? That’s not just a red flag; it’s a crimson banner the size of the MCG. Board members and executives have reportedly sold hundreds of millions worth of shares in recent months, yet employees are being told to stay the course. The cognitive dissonance is staggering.