One of the harshest lessons people who aren't already in the financial industry learned this past year is the financial markets don't have to be tied to reality

One of the harshest lessons people who aren't already in the financial industry learned this past year is the financial markets don't have to be tied to reality, like, at all. Companies don't have to be providing the value that justifies their stock price (TSLA, even Elon thinks it got too high), companies in dying markets can become wildly profitable investments because a bunch of people collectively decided to throw money at it (GME, AMC, BB, BBY, etc), the stock market as a whole can soar while the lower and middle class are facing the worse crisis they've ever faced, etc. Only thing that is making sense (to me, at least), is crypto's recovery. It's 2+ year bear run didn't make any sense to me. Glad to see it roaring back.