Substitute "SPAC" for "junk company" and you basically described the current situation. There are some that are legit, but many of them are "greater fool" scen

Substitute "SPAC" for "junk company" and you basically described the current situation. There are some that are legit, but many of them are "greater fool" scenarios -- and that ratio is getting worse as acquisition targets dry up. No one wants to give their SPAC money back, less the music stops...