It certainly defies logic and all rational thinking.
Call it irrational exuberance, or whatever you like!
It doesn't change the facts.
The numbers don't add up.
It'd be more productive to discuss the items I mentioned, particularly the potential for tremendous legal problems in the near & mid term, and the fundamentals that are flat out outlandish.
As the old saying goes, easier to fool someone than convince them they've been fooled.
Good luck to you as well!