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r/wallstreetbets
We’ve officially reached the top.
Investor summaryBearish
Author believes the market has peaked because blue-collar workers are discussing the SpaceX IPO, signaling extreme retail euphoria.
Bear points
- Market has peaked according to the shoeshine boy theory.
- Blue-collar workers discussing a hot IPO signals extreme retail euphoria.
Post body
Just overheard 2 carpenters in their 40s/50s on my jobsite talking about the Spacex IPO being 4x over subscribed. I think I’ll see myself out soon.
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