I'm not sure that is going to be true of the stock market. Many firms now have record cash holdings[0] so by buying stock you are essentially buying a slice of

I'm not sure that is going to be true of the stock market. Many firms now have record cash holdings[0] so by buying stock you are essentially buying a slice of a pile of money. I argue the reason many firms stock price keeps going up hasn't been a rise in demand but instead a limit on supply as stock buybacks are also at record levels[1]. [0]http://mobile.nytimes.com/2016/01/24/magazine/why-are-corporations-hoarding-trillions.html http://mobile.nytimes.com/2016/01/24/magazine/why-are-corpor... [1]https://hbr.org/2014/09/profits-without-prosperity https://hbr.org/2014/09/profits-without-prosperity