Because the Fed continues to dump $80 billion per month of newly invented money into the US Treasury. The same forces that are driving up stock prices (i.e. the devaluation of the dollar) are also driving up food prices, gas prices, etc. And on top of that, we have a massive trade deficit which means that dollars flow out of this country. And since the current cadre of Bolsheviks running this country make it nearly impossible for anyone outside of the US to invest in US start-ups, the only place those dollars can go is into the stock market. And thanks to the internet, it is now so much easier for anyone in the world holding on to dollars to invest in the US Stock market. And now you know the secret of the stock market rise during the Clinton presidency. The internet increases the number of buyers, thus shifting demand upward.
Yes, I thought you were talking primarily about the Q.E. Eternal Infinity Enrichment Etc. Etc. project...
Have never trusted the stock market in my life and am not about to now as the rally/riot ramps itself up.
I have to figure that once all the false confidence is finally shaken the bottom will fall out like never before.
I appreciate your thoughts, thanks much.