I’ve been wondering who has been proping up the market for the last several years. Everyone I know, myself included, either doesnt have a 401 anymore or is barely participating.
So, what is going on??
The market trades on future value, right? Maybe the market is expecting a big change that will somehow increase valuations. Let’s hope.
I read somewhere that the FED was propping up the markets with printed money it gave to the banks.