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Market is so overvalued it's unreal. All indices are at their ATH looking back few decades.
and around 30-50% over their average.
Even if AI is successful, it will most likely lead to layoffs which will only decrease consumer sentiment, money volatility and as a result, corporate earnings.
Please mumus, enlighten me, what's the bull case for the next few years. What exactly has been priced in that justifies current market valuations. To me it simply looks like Biden's admin pumped the market to unrealistic levels just to have it crash under Trump's presidency.
