Josh Brown

That would be the weird thing.

It would be weirder if you didn't have a wild reaction to the upside and you had it.

Yeah.

So, well, I think that's, look, sometimes these speculative manias come out of nowhere and are based on nothing.

This is not that.

This is something different.

You had an insane change to the fundamental outlook for some very large, important companies to that index.

And-

The stock prices, you have, I would argue, 99% of the people trading these stocks over the last month have never traded these stocks before in their entire lives.

So it breaks anything you thought you know about, like the long-term average multiple to earnings for these stocks, like throw all of that out.

It's an entirely new world.

It's almost like they're IPOs in the eyes of the people who are trading them.

All right, so the semi-mini crash this morning, the memory mini crash this morning, it was really much ado about nothing so far.

Let's put up Micron.

These are not candlesticks.

These are just, JC would kill us.

Well, all I would tell you is wake me up at 600.

What do you think about that statement?

I think a lot of people that missed these stocks would love for this to have been the top.

And maybe it is a local top.