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For two years, the market partied on AI hype and rate cut hopes. Now, the lights are on, the music has stopped, and the hangover has begun. The $1 trillion loss in crypto is the headache. The sliding FTSE 100 is the nausea.
Sundar Pichai’s “irrationality” comment is the moment of clarity. The market is realizing it drank too much Kool-Aid.
Hangovers are painful but necessary. They clear the system of toxins (bad investments). The “correction” Pinto predicts is the recovery process.
The question is how long the hangover lasts. If it’s a Dot-Com style bust, it could take years. If it’s a simple correction, we might be back to partying in 2026.
