The bears are hibernating or long imo, you can't short a market powered by unlimited FED funds, the money has to go somewhere however i do see some nervousness around the traps as bitcoin is surging. If you hold cash you may not lose in nominal value but your buying power has basically halved when looking at the indexes, therefore one gets eroded by asset inflation if not long and one lives in 'hope' of a crash which is currently not forthcoming, the apparent 'build back better' - Reset also aims for more borrowing and stimuli. Once upon a time, before silly monetary policy markets reflected the underlying economy but since at least the GFC this is no-longer the case.....IMO as long as people continue to accept fiat currencies and CB's act in unison the markets will have to stay up, if you think we live in a world of free markets today you've got rocks in your head imo, we live in socialism, capitalism has been eroded away by morons over time and here we are. .....In time i think it has to end but as long as gov's and CB's agree and act in unison i believe markets will stay afloat.......just beware of market miners if your stock picking, plenty of con men out there.
I seen an article today which stated that even though Oz has a trillion debt it's interest payments are proportionally less than they were in the 90's when measured against GDP. To me this means there is still time for the bulls plus CB's no longer measure inflation properly and have also stated that they will let inflation over-run the 2%ish norm, this means interest rates are very unlikely to rise in the near future.
I'm actually surprised you think like a capitalist when you are far from being one, just saying.
