The issue is that Signal isn’t a public company. They’re private in order to keep their unbiased privacy based focus, which means that several million dollars of capital was spent in a random company.

Through that odd case of mistaken identity, shares of Signal Advance gain 332% on Monday. That massive gain off of some random investors from an Elon Musk tweet show how reckless this market is, boosting some random, unassociated company with no connection to the Signal app, to way past an all time high.

Jim Reid, Deutsche Bank strategist had said

“In years to come we’ll know whether the 2020-21 period saw a historic asset price bubble the equivalent of say 1929 or 2000. If indeed it is eventually proved we were in one, one story that may capture attention is the move in Signal Advance.”

The interesting part is that the American Association of Individual Investors, the AAII, had numbers showing that the amount of bullishness, or positive buying, is at its 2nd highest level since January of 2018. It’s pushing euphoric levels higher than should even be possible, showing an incredible desire to buy, buy, buy.