Apparently we just needed a pandemic for the best stock market ever

[Calculating]

NASDAQ broke 10k today on news of interest rates staying at 0 for years to come, and Tesla now has a bigger market cap than Toyota despite not making any money and selling like 1/50th of the cars. Peak irrational exuberance is here.

[NameAlreadyTaken]

1. Apparently Wall Street is all that matters, not Main Streeet

[Sherman A1]

2. The Dow was down 282 points today

So it is difficult to really see what point it is you are attempting to make.

[uponit7771]

4. DOW isn't the whole stock market and the indexes are near all time peaks while 2 yrs out economic

... outlook is unknown.

No, we're not going to have a safe vaccine in 6 months ... that's "conceivable" but unlikely

[Hugin]

3. It's a giant money laundry/casino.

The NASDAQ out performing any of the other indexes is the best indicator of mass speculation and also a total disconnect from any actual economic reality.

[dawg]

5. I've been using this opportunity to raise cash.

I might end up buying back in even higher, but only if certain risk factors get taken off the table. Right now, the risk-reward just isn't there for me.

[PSPS]

6. Here's how it works...

Discount window is open to anyone now with zero interest. Free money! What to do? Belly up, take out billions, then use it for stock buy backs, thus driving up the market. As an added benefit, all those billionaire CEO's whose compensation is tied to the company's stock price end up raking in more billions! What a country!

Note: Most of the loans/grants tied to the $2 trillion covid relief bills that big corporations are getting is being used for the same thing -- stock buybacks.