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0 pointsdeepsquirrelnet4mo ago0 comments

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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2 comments · 1 top-level

delfinom4mo ago· 1 in thread

>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-a4mo 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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