Plur_Daddy argues (2026‑04‑29) that three converging forces—large passive flows…

Plur_Daddy argues (2026‑04‑29) that three converging forces—large passive flows (~$6–7bn/day) that permanently shrink free float and liquidity, behavioral training that suppresses selling (reinforced by a perceived central‑bank put and a Trump‑era pro‑liquidity stance), and a non‑linear AI value cycle—create outsized odds of an explosive equity bubble. He claims shrinking free float plus flow‑driven concentration (Mag7) makes markets more inelastic, so even modest flows can produce vertical moves. He models a credible Nasdaq doubling by end‑2027 via ~50% aggregate earnings growth over two years and ~30% multiple expansion (~31x), noting QQQ Dec‑2028 deep OTM LEAPS would return ~17x in that case. While admitting left‑tail outcomes (mass layoffs, passive flow unwind), he prefers expressing the asymmetric upside via long QQQ LEAPS—partly for tax efficiency—rather than levered stock bets.