[trfhuhg]

From my armchair, the market situation looks very simple. When the economy hits the ceiling, people at the top create a crisis, collect the remaining value and let the newly poor labor work hard to earn a better life and create value for the owners. Then the cycle repeats. It's somewhat similar to how the combustion engine works.

The stock market is growing because the owners want to start the new growth cycle. They think that's enough value have been collected, they have no intent to destroy the engine, and want to start the new cycle. They achieve it by letting Fed print trillions and buy the stocks. This dilutes the share of everybody not invested in the stocks, but it works for the US because dollar is the internatiinal common stock and the US has the right to issue new shares. Whoever complains gets a friendly visit by aircraft carriers and experiences sudden difficulties in participating in the international economy.

It's possible that the owners have messed up this time, as they are often just lazy greedy types, and the engine will stall, but in that situation it won't matter whether you hold dollars or sp500.

[rladd]

The Fed isn’t actually buying any stocks. And neither are companies diluting anybody to sell anything to the Fed.

What the Fed is buying is bonds. Which are non-dilutive.

I understand the sentiment, but let’s try to get the facts right