The Biden stock market : comparemela.com

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John Maynard Keynes famously remarked that stock markets could stay irrational for longer than you could stay solvent. By this he meant that upward market trends could persist for a long while even in the face of the clearest of indications that a day of reckoning would eventually occur. This makes it unwise to bet the farm that a market correction will occur within a specific time period no matter how shaky the underlying economic fundamentals might appear to be.
Keynes had in mind the stock market experience in the run up to the World War I. Even though there were very many advance warnings that it was only a matter of time before the world would be at an economically destructive war, the U.S. and British stock markets traded at record levels right up to the eve of that war. But immediately following the war’s outbreak, both the London and New York stock markets crashed and had to be shut down for several months until more orderly conditions prevailed.

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