Door Dash rises 80% at IPO to be "worth" $62bn really is a sign of mass insanity. I'll get a bit of Airbnb stock tonight with the Directed Share Program, when it IPO's tomorrow , will shoot up ( not as much, perhaps 30% ) And then I'll sell all my vapid tech* stocks because this spell is utter utter madness. This froth makes the dotcom peak of March 2000 look hyper-rational. These valuations are a sign that nobody knows where to place all the free money in the world printed by the Trillions. Money is flowing around everywhere looking for a place to go. It's crazy. It's based on plausibility and confidence, not fundamentals. They've unbundled from reality to just be a mixture of mass delusion and chancers who hope to gamble on selling before reality hits, myself included. …see more