Twelve Rules for Riding a Bubble With Jeff deGraaf, Micron and Sandisk (Finally) Pull Back, Housing Stocks Crash

**Josh Brown** (0:13)
I'm telling you right now, there's greatness in the air.
This is gonna be one of those shows. How do you feel?

**Michael Batnick** (0:19)
I smell it.

**Josh Brown** (0:21)
The Knicks and four. The team is resting up for the next round, whoever we're gonna play. I'm starting to think maybe Cleveland. What about you?
Still nothing, so?

**Michael Batnick** (0:32)
Nope.

**Josh Brown** (0:32)
All right, ladies and gentlemen, welcome to an all new edition of What Are Your Thoughts. If it's Tuesday night and it's 5 p.m. in the east, that means it's time to crush some tickers. And we have a lot to go over tonight. I'm super excited to have the live chat with us here. I wanna say a couple of hellos. I see C Paul Breezy in the chat. What up Tuesday afternoon, Pounders? I like that.
Georgie's here. Who else is here? Michael's 2502, Taking Care of Business Loco is here.
I mean, all the Pounders, I'm just scrolling through. Everybody's here pretty much. Everybody that we need for the live. Appreciate you guys. Random Trends checking in from Portugal. That is flames. I really appreciate that. Good to see you. Sam Smith says Cleveland in six against y'all. Yeah, I doubt it.
I don't think so. All right. The whole gang is here. Guys, thank you so much for joining us in the live chat. We have a sponsor tonight. We're going to talk about Betterment. Michael, take it away.

**Michael Batnick** (1:40)
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**Josh Brown** (2:32)
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Jeff Tyson.

**Michael Batnick** (3:59)
Neill deGraf Dutta. Let's go.

**Josh Brown** (4:02)
Ladies and gentlemen, the legendary, legendary technician, Jeff deGraf of Renaissance Macro, aka Ren Mac, in the house. I'm just watching the reaction in the live chat, Jeff. People are going wild for this.
People are very excited.

**Jeff deGraaf** (4:18)
Had I not known better, I thought that was an introduction to Mr. Rogers. That sounded exactly like what I would expect. Mr. McFarland at the door, whatever his name was.

**Josh Brown** (4:28)
You want to laugh? We tested Duncan and I probably 10 different doorbells before we settled on that one.

**Jeff deGraaf** (4:36)
It's classic. It's a classic, for sure.

**Josh Brown** (4:38)
It's like a 1970s, almost like a sitcom doorbell. Anyway, thanks for stopping by. It's so funny that you stopped by because we were about to discuss your incredible call that you made over the weekend and do a couple of your charts.
It's just this amazing coincidental thing. I can't believe you're here.

**Jeff deGraaf** (4:57)
Yeah, but I love it.

**Josh Brown** (4:59)
But I love it.

**Jeff deGraaf** (5:00)
All right.

**Josh Brown** (5:01)
I thought what you said over the weekend was the right reminder for active traders, for investors, just to kind of set the table for what typically happens after these types of parabolic spikes like what we're seeing with Korean stocks, US semiconductors, specifically memory stocks. And I want to pop up your chart, have you explain it, because you say the COSPI has entered bubble zone. And of course, this is going up due to the insatiable demand for memory, and memory chip makers are a really big part of the Korean stock market.