The Shit to Know Thursdays

In a world where everyone swears they’ve become the next Michael Burry because they watched The Big Short once on a flight to Vegas, the irony is rich. The crowd is bracing for an AI apocalypse, whispering about bubbles, cracks, shorts, and “just like 2007.” Yet the twist nobody sees coming is that the so-called bubble might actually be the opening credits, not the end of the movie.

While the doomers rehearse their recession speeches and point at every red candle like it’s the housing market all over again, the real story is that AI hasn’t even hit the part of the curve where adoption goes vertical. Everyone wants to play the contrarian hero, but most are mistaking early-stage innovation for late-cycle excess.

So here we are—market characters cosplaying Burry while the actual AI cycle is just stretching before the sprint. The irony? The “big short” crowd might end up shorting the next industrial revolution before Act One is even over.

The Big Short
MICHAEL BURRY KICKS OFF SHORT FRENZY

The man with the permanent “I read the footnotes” stare walked out and dropped a bomb: he’s short the AI titans.

Instantly the entire market turned into a gossip circle. Analysts are scrambling, permabulls are sweating through their Patagonia vests, and every Reddit thread is reenacting The Big Short in real time.

The question isn’t whether Burry is right today—it’s whether the crowd is wrong again. His track record is a paradox: a genius who’s been early so often that the world mistakes early for wrong. But when someone with that level of asymmetric thinking starts leaning into shorts, it forces the entire market to take a breath. Genius or chaos gremlin, he just hijacked the narrative.

Market Analysis
GAP FILL ON SPY – CLEANSE OR COLLAPSE?

SPY finally came down and filled the gap with surgical precision, flushing the late-chasers and weak hands who bought at the top because “momentum, bro.” This is exactly the kind of reset that a durable bull market needs—controlled pain that clears the runway.

But tomorrow is the real inflection. You don’t get paid for calling bottoms; you get paid for surviving the volatility that exposes who actually has a process. Manage risk like the market is trying to take your lunch money, because right now—it is.

Volatile Stocks
HIGH BETA MOMO TRAINWRECKED

High-beta momo names got absolutely steamrolled today. Charts that looked like launchpads last week suddenly look like cliff dives. Some of these names have fully round-tripped back to Liberation Day lows, and that’s where disciplined operators start licking their chops.

TEM, PGY, and other quality growth names are now priced like the market is punishing them for existing. This is where the pros begin scaling—not mindlessly, but methodically—because these dislocations rarely last. Just remember: in high beta land, conviction must be paired with risk control. If you size it like a hero, you’ll bleed like one.

Cryptocurrency
FROM CRYPTO TO CRAPO

Bitcoin and ETH both cracked major levels and dragged the entire crypto complex into a gravity well. If you ever wanted to see sentiment go from victory laps to funeral hymns in 24 hours—well, enjoy the spectacle. We’re back in five-figure territory, the liquidation engines are humming, and the influencers who said “BTC never goes below six figures again” are now deep-diving into “zoom out” theology.

But this is the cycle tax. You don’t get explosive face-ripping rallies without phases where the market humbles everyone. These drawdowns are the toll gates that separate speculators from survivors. The volatility cuts both ways—if you want the upside chaos, you must endure the downside chaos without losing your soul or your stack.