[nostrademons]

I mean, the driver for these record high multiples is that the Fed has made it very clear that cash will be extremely abundant over the next couple years, and hence worth a lot less. It would be a dereliction of duty for those public investors to not get rid of it ASAP and put it into scarce resources, like the stock of hot Silicon Valley companies.

The folks who are the real losers are any suckers who think they're going to get by with a fixed wage, particularly if they're in a competitive labor market.