Money actually is created (at least here in America), that's part of the problem. When you hear the term "cheap money" its referring to money that is created by the Federal Reserve, which gives the money to US banks, to lend to US companies and consumer. The more money you create, the more banks have to lend, the cheaper it is, the lower the interest rate, the lower the bar for investments, which leads to more investments. The idea is to stimulate the market.

We don't care about money, we just care about the value it tracks. Value is created and destroyed all the time.

the media has been saying this for years..yeah valuations are high. so what. It gets repetitive after awhile