Agreed on the stock market valuations being crazy, but then: where would you park your stimulus money instead?
Bonds?
Gold?
Real estate?
The truth is, preserving wealth in 2021 isn't obvious at all.
The top 2 economic problems of 2021: "I can't afford rent or food" and "I don't know what to do with all my extra money".
What people don’t get—everything denominated in dollars is also inflated by dollars, meaning when the printing of trillions dollars stops, real estate, stocks, etc. will crash.
We’re well on the way to negative interest rates.
The primary reason for the rise of bitcoin’s price from the low in March 2020 to $37,000 and change tonight is because it’s being used to preserve wealth.
Any articles with more details on your reasoning?
The price to earnings ratio of Tesla is 1692—that’s nuts.