Reply to Is SpaceX really worth $1.75 Trillion?

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[quote=Anonymous][quote=Anonymous]FOMO precedes market crashes. People don't want 7% return anymore. They view that the same as a 0% return or even worse as a -1% return. It's insane. How did we get here? Blame the Fed for not putting the cash printing bazooka down. [/quote]

Cash printing and explosion of credit as businesses and people borrow against their appreciation (unrealized gains) to avoid paying capital gains.  This also contributed greatly to the creation of money out of thin air supported by the house of cards called stock market.

In addition a few conglomerates are propping stock market also by buying and selling to each other and fluffing up each other's valuations.  Our monetary system and stock market sadly is based on a sort of "belief" system in its "value".  Whether this crashes down or gets strung along remains to be seen.

The issue is that a lot of retirement accounts and pensions highly depend on stock markets remaining solvent and not crashing down, since this would take our entire economy into the toilet.  These backbone stocks are now "too big to fail".  [/quote]

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