Did you think the SPAC mania was over? I thought so, and I was completely wrong.
Chamath is back. 
More on this in the next QuarterâŠ
Of course, this is just an anecdote regarding the direction of the stock markets, but in my opinion, SPACs with incentives, which are in as unfavorable a position for investors as can be, are one thermometer for the stock marketâs performance.
A quote about Chamathâs return.
âThe former Facebook executiveâs $250 million special purpose acquisition company, American Exceptionalism Acquisition Corp. A, will look to merge with a company in the energy production, artificial intelligence, decentralized finance or defense industries, according to a letter to investors from the one-time SPAC King in its regulatory filing. That comes as investors leapfrog one another to buy shares of a handful of high-flying crypto-exposed stocks and flock to anything tied to AI and the infrastructure that can power it.â
Addition. I have been asked by the community to make a document about the stock market euphoria of 2021. I am slowly preparing the topic, but the year 2021 seems to be repeating itself in real life in fast forward!
Addition 2. When reading these news and pondering what all this means, it doesnât feel like a bad idea to put money into bond funds, buy a bunch more books (this autumn Iâve already spent several hundred euros on books ) and go on vacation to ponder until the situation in the stock market is different.