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About $6 trillion was "created out of thin air" in the S&P 500 since mid March. But don't confuse value with output or wealth. The market is forward looking and
by webXL 6y ago
About $6 trillion was "created out of thin air" in the S&P 500 since mid March. But don't confuse value with output or wealth. The market is forward looking and valuations are pretty unstable long term.
- aeternum 6y agoEverything is relative, we're printing a lot of money right now, possibly for the right reasons. In general though those valuation probably do make sense in a world where money is plentiful.