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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.
by 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 agoThe 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.