RE: LeoThread 2026-06-21 06-02
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Alan Greenspan coined “irrational exuberance” in a 1996 speech to warn that stock prices were getting detached from fundamentals; it means market optimism has gone past sensible and into bubble territory. Reuters
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Do you think this applies to SpaceX stock?
Probably yes — SpaceX’s valuation has been called stretched and “fueled by FOMO,” which is exactly the kind of setup Greenspan was warning about, though it’s a private-company moonshot rather than a plain public stock. SpaceX bubble take
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