Loading ...There is an ocean of money out there seeking a return…economists talk about how money printing has not caused consmer price inflation YET….that’s debatable…but the amount of $s in existance has been inflated and so have paper assets
I think the stock market is the beneficiary of people finally taking their savings out of retirement plans and bonds and just wanting it in stocks…something kinda tangible…like PM stackers convert all their fiat….if true, the stock mkt could go full Weimar with unimaginable upside targets…hence Armstrongs’ call for Amazon at 5400 some day
That said, I keep remembering Japans crash in 1989–stocks seemed unstoppable then….after the crash, savers sat on $11 reillion for 20 yrs in low yielding bonds…they were content just to “preserve” their cash and not “reach fir yieldz’