The market is a Keynesian contest. Prices are not based on some imaginary formula of GDP or profits. It’s based on sentiment, and thinking what other ppl feel a

The market is a Keynesian contest. Prices are not based on some imaginary formula of GDP or profits. It’s based on sentiment, and thinking what other ppl feel about the market. You wouldn’t bet the economy will be normal by the end of the year but you might bet others think it might.