"Max Stupid" Amber Alert

It's getting hot in here

This is an emergency Shrubstack as we need to add more occurrences of “Max Stupid” to the ever-expanding list. Recall that in the piece “Did someone eat the Cherry on the AI Cake?” , we introduced the concept that to call a Top we need to see “Max Stupid” occurrences in the markets as we did in 2021:

“Back then, any SPAC would go up on deal announcement, any sh*tcoin would 10x, Cathie Wood was the High Priestess, people actually worshipped Scamath and Masaponzi Son was yolo-ing billions into Nasdaq call options. Remember when C3.ai IPOed and stock opened +100% giving it a $10bn valuation, only because its ticker was “AI”