Perhaps that irrational rise in stock value is due to inflation. The actual value of the stock doesn’t change much, but the money you pay for it is worth less,

Perhaps that irrational rise in stock value is due to inflation. The actual value of the stock doesn’t change much, but the money you pay for it is worth less, therefore the nominal value increases. Another possible reason could be that it’s currently still more difficult to spend money for things and leisure than in 2019. People therefore buy stocks, pushing the price up. If this is the case then the best thing to do currently is to buy stock, and pull out once it is possible again to have parties in Ibiza on short notice.