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How does a SPAC indicate a bubble? It's a blank cheque company, common in bubbles, from the first one 300 years ago to today, along with inexplicable valuation
by grey-area 6y ago
How does a SPAC indicate a bubble?
It's a blank cheque company, common in bubbles, from the first one 300 years ago to today, along with inexplicable valuations (highest in history), a lack of distinction between speculation and investment, ordinary people getting involved, the capitulation of shorts (everyone is long). There are so many signs.