The entire market and economic system has turned into a Gigantic fraud. The market does not belong anywhere near these levels. It has been propped up by fairy dust and the equivalent of money printing. It has been propped up by lies and deception. Price to earning ratios are beyond ridiculous. Any one who is playing deserves the smack they are going to get when it comes down.
For a while this will push down interest rates. But when that reverses. When interest rates for government borrowing start to rise sharply then it will be game over in short order.
Most American Citizens are Dumber than a box of rocks in that look straight at insanity and either they do not care or they expect that Fraud, deceit, and tricks, are going work for them.
Those Americans allow the insanity by banks and governments that have perverted every rule of traditional natural and moral law, And in the end All Americans will loose.
The only ones that deserve any pity for that are those who were paying attention and wished they could have got others to pay attention and fix things. Instead of just finding that they were peeing against the wind.
Those who chose to Indulge in the fraud will be ruined by it. As it should be.