In 2008 the banks were Too Big To Fail. Here in 2020, the stock market looks Too Big To Fall.
So much of the status quo is now dependent on ever-higher asset prices that any weakness is immediately met with overwhelming support by the central banks and/or national legislatures.
Many are now wondering: will stocks ever be allowed to drop again?
While that question sound facetious, it’s not. After a decade+ epic run-up in the markets, capped by the past year-long melt-up to levels of price over-valuation never seen before in history, there are practically no bears left on Wall Street. Having been burned for so long, they can’t afford to remain contrarian.
Everyone is now on the same side (long,
by mki-2-2 
