My profs said it was whenever that last, most staunch hold out joins the market that the end of irrationality is near. Granted, that assumes exogenous demand is

My profs said it was whenever that last, most staunch hold out joins the market that the end of irrationality is near. Granted, that assumes exogenous demand is not ballooning the market. So I don’t know how or when this ends. What would trigger the fed to stop pouring liquid oxygen into the fire? A vaccine? A general election? Edit-I also don’t think we’ve seen the full ramifications of the newly, long term unemployed begin to hit. Much of the current numbers assume people who were layed off for the shutdown are all coming back and paying their mortgages and other bills. Presumably there’s possibly a 3 month lag time due to earnings reports.