The market reflects reality. The new reality is that the people who are invested apparently don't need liquidity, and bad news doesn't really matter.

>that the people who are invested apparently don't need liquidity

The rich and ultra rich don't need liquidity, they have our 401k plans for that.

	▲	munk-a 9 hours ago \| parent [-]
		The rich and ultra rich tend to borrow against their investments rather than spending their own money. As long as the number continues to go up it's basically a free money pipe for everyone over a certain level of wealth.