[ElViajero]

> People have a lot of money right now and they want to buy financial assets with that money.

The article is very good at explaining the basic fact. Prices depend on demand. It does not matter how bad the product is, or how useless it is. If demand increases, price increases accordingly.

The stock market is a "market" and behaves as such. Something that should be obvious, but we miss some times in our arguments.