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Stimulus isn't entirely responsible for this. Stimulus is partially offset by COVID losses. This is a market mania at this point. Everything thinks stimulus is
by PragmaticPulp 6y ago
Stimulus isn't entirely responsible for this. Stimulus is partially offset by COVID losses.
This is a market mania at this point. Everything thinks stimulus is all-powerful at this point, but there's a lot of FOMO going on too.
- nine_k 6y agoSince everyone thinks that buying stock is a good idea, stocks grow, and buying more stock becomes a rational decision, fueling the flame even more. It becomes a self-fulfilling prophecy — for some time. A crash-up before a crash-down. Jumping off this train in time is what takes a real skill, not jumping on it.