Faith that a bigger fool will come along and drive the price higher.
In that respect the inflated stock market is the same as crypto right now. Look at PE ratios, they are way out of whack, and non-existent for speculative stocks like GME and many others. When solid fundamentals aren’t there, people are buying on faith, hoping bigger fools come along and drive the price higher.
Biden’s tax increase package is leaking out now, why is the market foaming higher? There has to be a correction.