It seems to me there’s been a total disconnect of the stock market from economic reality for a very long time, namely due to essentially unlimited Fed money printing, and as long as the money printing continues unabated, the stock market is likely to stay propped up no matter what happens, at least until the merry-go-round comes to a screeching halt and the whole shebang collapses because the money becomes worthless.
The number of years it will take for that to happen is unknown because the U.S. is by far the richest nation in history to debase its currency, and mostly all we have for examples are poor, non-productive countries and countries with limited populations, limited wealth, and limited production from the past.
Good point. This has gone on a lot longer than I expected. It's like we have a zombie economy.
Back in the 90s I honestly believed we'd have sunk well before now. I missed the entire run up of the markets the last four years. Frustrating because I really needed the money at my age. Now, I'd be insane to gamble that this will go on another 2 years. But it could. Insanity.
Rush was talking about this very thing, on his show, this morning. And how this factor is what makes capitalism *unfair* (he was responding to the leftist meme about how unfair capitalism is).