I see what you mean about money floating around. But does it ever reach a point where there is a common sense counter-weight that maybe the latest pets.com is not worth the GDP of a small country.
I think Tesla’s stock is overvalued but I’ve momentum traded it a couple of times (especially when Elon’s tweets seem upbeat a couple of days before earnings are announced). Sure I think I’m buying at inflated prices but I’m guessing I can sell at even more inflated prices.
Ah yes .. the oblivion>reality optimisation the modern world has been gifted. Never ceases to create interesting use cases.
You're smarter than me with trading/finance. I cannot educe much sense from any of it these days - and don't have the kahunas to trade on vibe.
Weirdly, my only finance buddy (buys shares for super companies) actually cautiously observes a company's history and their management before investing in stocks. Maybe that'll become the move again once the asset bubble collpases.