Indeed. As someone with experience of extreme manic psychosis, it is the pattern recognition/dot connection algorithm kicked into absolute overdrive. Spurious correlation abounds when afflicted with such a condition.

Thankfully my experience was acute and triggered by drugs, so a few years of anti-psychotics and refraining from anything other than cannabis and alcohol in moderation have let me stop taking the anti-psychotics and at worst I experience cyclothymia, which I've decided to just live with and not medicate.

I'd say they may connect dots quickly, but not necessarily well.

This sounds like ~the plot of the film Pi.