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There is a huge disconnect between stock prices and the economy right now as almost all of the market losses from the COVID-19 scare have been recovered, but we still have massive unemployment, a huge drop in GDP, and a downturn in the economy that is going to last well into next year.
One of the drivers of the recovery in stock prices has been a huge influx of retail investors, similar to what happened in the lead-up to the tech bubble in 2000. I think the whole market is overpriced and in bubble territory