Fuck Canva forever for acquiring Affinity.

Yea probably delusion. Denial would have implied the drop already like you said.

The line is meant to be sentiment as well I think, not just valuation. A lot of people are still in denial. They can inflate the numbers so it stays green, but sentiment is already in decline.

The fake drop hasn't happened yet.

I'm thinking denial.

I'd say we are in the greed dilution stage.