Hacker News new | ask | show | jobs
by chalupa-supreme 118 days ago
Because the market does not reflect reality.
1 comments
deepsquirrelnet 118 days ago
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.
link
delfinom 118 days 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.

link
munk-a 118 days 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.
link