I am rarely a bear, but seeing the market beat record high after record high after record high (x10) is starting to scare me… I just fear it will cause irreparable damage to the market when it collapses. No matter where I go, it's like everyone believes $NVDA is going to skyrocket and make every Uber driver a billionaire. I just don't see how this is even possible (let alone sustainable).
I expect to be met with lots of “stonks only go up” comments, but would really love to hear from the one other bear in the millions of mega-bulls…
How is it possible that inflation is only 3% when the market is parabolic? There must be a lot more money out there than I thought, which leads me to believe that inflation is not transitory after all… Just watching stocks rocket far past the moon makes me believe the next few inflation prints are going to hurt and I'm actually predicting rate hikes in 2025 instead of cuts… Plus with the national debt at $34 trillion, how can that the interest payments be made without hyperinflation?
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