not is a hard one. I would say first. Money printing never ended well. Granted, dollar enjoys reserve currency status, so who knows. But in reality all it did , just inflated some assets not what the intent was. what about you?
Is it fair to consider that compared to WWI, TGD, WWII and the GFC that the US is now part of/leader to a much larger Global Economy, where since these comparative events, there has been an equal and unprecedented economic expansion to go along with the record breaking printing of dollars and creation of low interest debt? Why does the stock market/economy continue to have an upward bias despite endless money supply and debt creation? It's because ( I think) a large part of the global population especially the best and brightest are getting up every single morning to invent a better mouse trap and to participate in closing the wealth gap by inventing/earning wealth themselves. It's a constant wave of ambition and invention backed by talent that will push the economy/humanity up and to the right despite the occasional market disruption. The economy will grow as long as people are incentivized to make it grow. They are, so it will. Is that too simple? Every time I walk into a CostCo I think to myself. "Not bad for a bunch of primates coming off the African plains 100,000 years ago from conditions no better than a pack of Hyenas. I got a 20lb bag of frozen shrimp over there, an 85" color TV over there and a $1.00 foot long hot dog with all the mustard, ketchup and relish I want waiting for me at the exit." The same forces that drove us off the miserable/scarce plains and into the comfort/excess of modern living are alive and well today. If you are watching the second hand there are always going to be problems. Watch the hour hand instead or look at time/problems/opportunities year over year, decade over decade, century of century. That's where you will find the true trend. I would also like to add that I have been trading for over 5 years and I'm still not consistently profitable.
Agree with some of your comments, but the issue is that current stock market valuations of tech is artificial. for example, When TESLA worth more than all car companies in the world combined and then some, it is not normal. This will be followed by, here comes gravity.
Thanks. Me - i don't know. That's why asking. Thought maybe there's something more to it, but looks like the same story, just in a different candy paper.
Even more disturbing to think its old data by now... I dont think the process has stopped. Can working bees also see how much, when and where the inflow of money is directed at?
And people actually believe the fed is not the one contributing to the massive mega bull rally. How anyone can sleep soundly at night after seeing such fu×ked up charts like that is beyond me.
Of course it's not normal. Even if tesla were to drop in half it would still be completely overvalued. Too many believe this market is a normal bull market just making strides into the sunset. Its NOT. I posted about teslas valuation many times especially after hearing they are valued more than the biggest car manufacturers combined, again this is because of the fed. The fed fed fed fed fed and printing their trillions. This is why tesla is where it is. Take the fed completely out of the equation and tesla would be worth 1/10th what it's worth at this very second.