Few things describe today's market better than Naked Brands' excursion into electric vehicles ... and the market's enthusiasm for it.

There have been 480 SPAC IPOs this year, with healthcare taking about 38% total volume, followed by technology (31% weight). Companies are also joining the IPO stream to go public in a stock market at all-time highs.

If you own NKLA, QS, or SPAK, sell them. Take the money and run.

They've been around for decades, but it wasn't until this year that special purpose acquisition companies (SPACs) really took the financial world by storm.