They all did it, from Salesforce, Uber, and Twitter on down. It was pure magic, a show produced with enormous hype. Now they’re all trying to get out at the same time.
SPACs, EV SPACs in particular, IPOs, stocks in the ARK ETF, such as Tesla…
Getting massacred on the edge of the stock market.
To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Who’s going to be the sucker? Even the SEC, which has been asleep through all this, warns retail investors. But in the current mega-bubble craze, no one gives a hoot about anything anymore.
A massive murky mess of supply-chain finance, amid criminal allegations against the management of its German bank subsidiary, with wide repercussions.
When there are suddenly second thoughts in this market powered by so much blind and crazy exuberance, the entire foundation begins to wobble.