My opinion is that this is principally a chronic FOMO market. People can speculate on levels, relative rises, falls, performance over the last years....I don't

My opinion is that this is principally a chronic FOMO market. People can speculate on levels, relative rises, falls, performance over the last years....I don't think there's much right or wrong with that....but it doesnt explain why there's soo much money around for equities. i think is a combination of : - fed promised unlimited money from the money printer. (Anncounced by the fed on 23rd March. - it is election year, with a siting pres who hangs everything on the markets, a couple of tweets from Pres, Musk, Tim Apple etc...can add 10% to market overnight. No one wants to miss that. - there are few other attractive places for peoples money. People want them big gains, which are perceived as being still on the table. i'd speculate the mass lay offs will protect company results for a couple of quarters, maybe more, but the buck stops when there are no consumers left to buy shit - and that's what's down the line IMHO.