Lot's of answers to that one... here's just a couple..
Not all the big guys get it right ,, not even 'most of the time'. (let alone the small guys). Some big guys jump off balconies in a crash , too.
The world is seemingly 'deconstructing' on a massive scale from currency debasement, wars (are they related? - history might suggest so), interest rates, inflation, debt, demographic cliffs, left wing agendas, etc etc. But the markets 'march on'.. why so grasshopper ?
While the 'big guys in the big banks are selling their own stock,, (US) their financial media coverage is 'rally rally rally'.
Apparently corporate execs get their company options and bonuses, based on share prices around Xmas... ? (US) (Gee is that why we often get a santa rally, irrespective of the state of the economy and macro conditions? - maybe)
The US (and Aus) pumped so much money into the system over Covid, it would appear all the usual metrics have folks confused, (as does the new way of measuring CPI's etc - not like the 80's) ... They shouldn't be confused, though, it just delayed the usual and inevitable 'unwinding'.
As a result, this has to be one of the slowest economic trainwrecks I've witnessed...
And I watched the '87 crash closely...
As I've heard a few commentators mention (I'm paraphrasing): Things can just fall apart very slowly until they do it quickly...
Nought we can do, but perhaps like a few of the boaties here,, trim the sails as the wind and conditions change.
(apologies to the motor boaties that prefer the fresh smell of diesel wafting over the transom, rather than trimming sails.. )
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