Afterpay Valuation, page-3135

The bear case is well laid out it is grossly overvalued on any fundamental analysis, but it's a "stock market darling" with the influx of millennial stock traders and is a proxy for the Nasdaq. They pile in when Nasdaq rises and sell when it falls.

You can't argue against that sentiment that's why short interest is very low and you can only "scalp" shorts

The VIX has strong support at 20 and I don't think markets will top out till it bounces off that support.

I have started to build options positions in the VIX.