Why these stocks are hitting new highs (youtube.com)
70% of global savings went into US stocks in 2024. Germany's gonna raise interest rates, boom, I want my money back.
Random house on 4 acres in Miami, $64m. For no real reason. So if the market is caused to reappraise housing values (and they go down 30% or 40%), and all Americans can then suddenly buy a house, that will make Americans feel quite a bit like they are part of this, the American Dream, they can become wealthy. Re consider asset prices. Mortgage cost also goes down. Chamath. You want as many Americans as possible invested in American exceptionalism. That's why crypto is so popular, because anybody can get a piece of it, can buy it. Capitalism is bad when you're left behind.
‘You don’t need a sovereign wealth fund. We already have one. It's called the stock market.'
The Middle Class since 1971 (off gold standard) arbitraged the market (bought stocks while everyone else had to hold bonds), benefitted. If everyone had been able to invest in the market, in American companies and American enterprise, since then, everyone would have benefitted instead. Friedburg. ‘There’s too much risk.' ‘We need more practical thinking.’ Americans like risk anyway. Instead of just a dollar amount when people check their 401k, they would see all the companies they own.
More than 20k companies make more than $1b a year. S&P is just the best of them.