I think that it is still a delusion, even if you add the "currently on the market". The best people currently on the market won't probably bother sending you an application - they will probably just take advantage of their networks.
I don't consider myself to be in the top percent of anything; but I'm not even taking advantage of my network, it's the other way around - my network takes advantage of me :)
I.e. every couple of months I receive a really good job offer (discounting the shitty ones), just because someone knows somebody who knows me. It's getting really hard to say NO too.
Everyone thinks they're hiring the top 1% of developers currently on the market.
But still, valid point