Google and Meta quietly stopped buying back their own stock, and the claim here is that it's a warning sign of an AI-driven overbuild that could end badly for investors.

• Google and Meta used to buy back their own stock to prop up the price.
• They did it to offset all the shares handed to employees, who then sell to buy houses or boats.
• The buybacks have stopped, and the claim is it's because these companies are running low on cash.
• This is read as a sign of a coming overbuild that collapses, hurting a lot of people.
• Leveraged ETFs, which amplify market moves, are called out as likely to get wiped out.

Outlook: The prediction is an ugly collapse ahead, though no timing is given.