Don't worry too much about the "why" of current stock market valuation lunacy. Simply know that the same mathematical corrections have happened for 147 years, and unless "this time it's different," which it never is, the market will be very lucky to only correct to the historical average, falling 56%, and not overshooting (as it almost always does).
... Diamond News Archives
Unless Something That's Never Happened Since 1871 Happens, Stocks Will Fall 56% or More
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