Mind blowing that investors still can’t see it. The market keeps getting bid up to unrealistic levels on rumors and empty hype. Greenspan once called this irrational exuberance. It always ends the same way badly.
"AI related stocks have accounted for 75% of S&P 500 returns, 80% of earnings growth and 90% of capital spending growth since ChatGPT launched in November 2022." (JPM's Cembalest)
But bulls think the rally "broadens out"… WHY?
WHY WHY WHY WHY WHY?
Because Tom Lee said so?🙄 pic.twitter.com/27clhAZmdZ— Samantha LaDuc (@SamanthaLaDuc) October 1, 2025
But Tom Lee says we’re going to 10,000 soon because Valuations are low and earnings growth is massive.
He never talks of financial repression and dollar devaluation as a reason for the season.
— Samantha LaDuc (@SamanthaLaDuc) October 2, 2025
95% of companies seeing no return on AI. Workslop making life miserable for employees. Accounting fraud so obvious a blind man could see it. Now electric bills are skyrocketing for everyone so Sam, Jensen, and Co can circlejerk their way to another trillion in mktcap🤦♂️ #AiMania pic.twitter.com/wWomeLrCzX
— Nobody Special (@JG_Nuke) October 1, 2025
That Coreweave Master Services Agreement where Nvidia rents back their own chips in order to backstop their sales was originally dated April of 2023. They've been doing it this whole time, they only disclosed it recently.
— Nobody Special (@JG_Nuke) October 2, 2025