"What I'm seeing is a president who is more interested in the valuation of his memecoin than he is about people's 401ks.

[applegrove]

2. The stock market is often overvalued these day. Bonds are passe.

Why there have been so many stock buy backs in the last decade. Hedge funds and private equity have cannibalize the rental and real estate market to make 8% profits for their rich investors, profits they cannot make in bonds or the stock market. Unfortunately the housing market no longer is about regular profit. Rents have gone up so much, due to private equity and hedge funds, people who are young can no longer afford a down payment on a house. So they keep renting. And private equity and hedge funds have renovated rental units so they can charge more. So the rent prices go up. So the person at the bottom is homeless. It is all messed up. That is how they extract money from the poor and middle class like a bunch of pyrannas in a frenzy. That is what it means to have a billionaire expansion. They ruin markets with their productivity and efficiencies and excess money. If the rich get tax cuts renewed or income tax is done away with their will be even more oligarch money chasing so few opportunities they will destroy more than the housing market. And the political system. They will invade more than Panama. The billionaires have already created a tsunami of destruction everywhere. It will just get worse.