The market reflects reality. The new reality is that the people who are invested apparently don't need liquidity, and bad news doesn't really matter.
reply>that the people who are invested apparently don't need liquidity
replyThe rich and ultra rich don't need liquidity, they have our 401k plans for that.
The rich and ultra rich tend to borrow against their investments rather than spending their own money. As long as the number continues to go up it's basically a free money pipe for everyone over a certain level of wealth.
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