“We are still laboring under, all of us, the single great uncertainty, which is what is the return on investment on these immense investments being made in AI. Nobody really knows the answer. And anybody who does tell you they know the answer is trying to sell you something. If the revenue and profit eventually appears, all the stuff we're worrying about now, the circular financing and the anxiety and the valuations and Jensen Huang's love affairs, will slip into memory and we will be okay. If, on the other hand, the money doesn't materialize, nothing will save us.”

We are still laboring under, all of us, the single great uncertainty, which is what is the return on investment on these immense investments being made in AI. This involves the most important companies in the market. Nobody really knows the answer. And anybody who does tell you they know the answer is trying to sell you something. So as we've said, I think we've talked about together before. If the revenue and profit eventually appears, all the stuff we're worrying about now and the circular financing and the anxiety and the valuations and, you know, Jensen Huang? love affairs and everything else will slip into memory and we will be okay. If, on the other hand, the money doesn't realize, nothing will save us, right? But we don't have the information and it is very normal for a market operating under a very large uncertainty like that to vacillate like the one we are living in right now. That's point number one. Point number two, as I've said a tiresomely infinite number of times on your show, the longer-term trend on the market is sideways. We're stalled since May. Right. And so again, About like you'd expect. We don't know what's going on. We're kind of frozen in place, dear in the headlights. There has been some moves in the market towards diversification. That's a good sign. Some sectors have moved up that are far from AI. People are hedging…