Reflexivity Everywhere

I laid out this theory a few weeks back that the stock market is causing the bubbles.
Gains from Apple are moving into Tesla. Gains from Tesla are moving into ARKK. Gains from ARKK are moving into SPACs. Gains from SPACs are moving into EV stocks.
Flies are feeding on an oversized elephant and then having giant baby flies who are having giant baby flies and on and on we go.
This phenomenon is not confined to the stock mar…

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