The thing is that most people don't sell when they should sell
They sell when they have to sell
They sell when they don't want to sell but don't have any other choice
Like when they're all on margin and there's a sell-off
Google is raising $80 billion of equity a week before SpaceX is trying to raise $75 billion a few months before Anthropic and OpenAI are trying to raise $100 billion from investors and you’re laughing???
This is a cataclysmic exit liquidity avalanche
If Kamala Harris had started a war that ran the world's economy into a ditch with no way to exit, and then went on and on about redesigning the White House ballroom and cleaning a pool, the MAGA population would be down 60% from spontaneous combustion.