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.
by mki-2-2 
