3 ms·

Because the market does not reflect reality.

• deepsquirrelnet 7mo ago
  The market reflects reality. The new reality is that the people who are invested apparently don't need liquidity, and bad news doesn't really matter.
  • delfinom 7mo ago
    >that the people who are invested apparently don't need liquidity The rich and ultra rich don't need liquidity, they have our 401k plans for that.
    • munk-a 7mo ago
      The rich and ultra rich tend to borrow against their investments rather than spending their own money. As long as the number continues to go up it's basically a free money pipe for everyone over a certain level of wealth.