You make the mistake in thinking that “fundamentals” matter. They don’t - or at least certainly not in the short-medium term when we have a completely fiat, printed currency, that is created at will be the Federal Reserve or fractional reserve banking and a government running up debt at $1 trillion+ per year.
Perhaps I am mistaken. Finance/economics is not my game. You sound like you know the subject matter. Please expand on your perspective. And, share where do you think the best place to have 401K money parked for the time being?
Just look at what has happened with Bitcoin. Unbelievable. Makes no sense except for the fact that folks that invested thousands of dollars a few years ago now have millions.
Nuts!
Bizarro World becomes reality.