The main thing current bull markets make you feel is far less subsidized by the government than you really are. There are a lot of people playing at being uppe

The main thing current bull markets make you feel is far less subsidized by the government than you really are. There are a lot of people playing at being upper middle class right now, living large paycheck to large paycheck, and they don't realize that the people whose lifestyles they're emulating are getting money for nothing. If the layoffs start getting deeper i.e. if AI takes off OR if AI does not take off, they'll be at the food banks in a year. We'll see what happens in society when the comfortable middle class that makes all of the demands in our political system gets halved.