Nothing makes sense anymore. Earnings, you can throw that out the window. The good ol fed is slowly buying up everything taking full control of the market. This is no longer a free market. Reality is we shouldn't be much over 2000 on the SPX right now with how things are, but when theres a money printing machine printing infinite dollars, what can stop it? Personally, I still won't be bullish for a long time. If ever. This is sickening to watch everyday what the fed is doing to our market.
Now billionaires make money with zero risk. If they make hundred stupid decisions at the end of the day FED will come to their rescue and of course we receive the bill. I still haven't revived my tax return nor my stimulus check but I am sure dumb rich people got their billions next day.