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deepsquirrelnet
29d ago
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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.
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delfinom
29d ago
>that the people who are invested apparently don't need liquidity
The rich and ultra rich don't need liquidity, they have our 401k plans for that.
munk-a
29d ago
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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