10 signs the bubble has already popped

 All the signs of a bubble are there, including:

1. an IPO mania;
2. extraordinary valuations and new metrics for valuation;
3. a huge market concentration in a single sector and a few stocks;
4. a second tier of stocks that most people haven’t heard of at S&P 500-type market
   capitalizations;
5. the more fanciful and distant the narrative, it seems the better the stock performs;
6. outperformance of companies suspected of fraud based on the consensus belief that
   there is no enforcement risk, without which crime pays;
7. outsized reaction to economically irrelevant stock splits;
8. increased participation of retail investors, who appear focused on the bestperforming names;
9. incredible trading volumes in speculative instruments like weekly call options and
   worthless common stock; and
10. a parabolic ascent toward a top

Read more at https://acquirersmultiple.com/2020/10/david-einhorn-10-signs-the-bubble-has-already-popped/