🚫 The AI bubble is NOT popping. Not even close.

Every major bubble in history follows the same script: • Warnings come years before the peak

• Fear rises first

• The real crash comes only when confidence is absolute

Right now? ❌ Fear is high

❌ Put buying spikes on every dip

❌ Equal-weight S&P is flat

❌ Nasdaq valuations are nowhere near dot-com levels

During the dot-com mania, Nasdaq went 12× in 5 years.

Today? Up just ~88%.

Margin debt is still rising. Liquidity is expanding.

Google searches scream “AI bubble” — meaning people EXPECT a crash.

Bubbles don’t burst when everyone expects them to.

They burst when no one does.

📌 The bubble is real.

📌 The peak is not.

If history rhymes, the real mania is still ahead (2027–2028).

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