It is a free market and it's not rigged. Some of you believe in a lot of shit and my observation is earlier in the bull those who believe in conspiracy theories on here are more often then not extremely bad traders or investors of money. Go ahead, research some companies and see who actually owns them. I have no idea what on earth you think you've seen that is "manipulated" to stay "high" but I bet you haven't seen one real speck of evidence to support your beliefs. It must truly confuse you when a company that is trading "high" gets taken over or buys back it's own shares at an even higher price.
The fed is keeping interest rates artificially low allowing corporations (and the federal gubmint too) to have lower funding costs - which in turn allows corporations to instead buy back stock and keep the bull market moving higher and higher. Free lunch continues till ... it no longer does.
You think this is a free market....haaaaa.haha...hilarious. free my a$$ if it was a free market, markets would be trading 67% lower!!! Free markets dont have the fed intervening everytime the president makes a remark about how we should have negative interest rates. Free markets dont have the fed saving the market by injecting trillions and free markets dont have QE and tarp...they dont have easy money policies...the list goes on and on.
If markets (stocks) were priced 67% lower, what P/E ratio would that translate to? And how would that P/E ratio compare to historical ratios prior to Tarp, QE and near-zero interest rates?
%% OK; that's one way to look @it. US stock market uptrended for>> 100 years before Fed Was created+ I sure as shootin' don't want to bail out all the banks/pension plans/roth/back door roths because of a fake news virus kill rate. Italy has about a !0% kill rate; US has about a 1% kill rate, not counting NY, NJ- the latter has one of the worst PENSION PLANS + ITS NOT VIRUS related...……………………………………………………………………………………...