This is alarming, and it's a way to transfer wealth from the poor/middle class to the wealthy people. The uneducated poor people is driven by fear and FOMO, fear of missing out. After a bull run like this, everyone jumps on board due to FOMO, but not everyone can make money, we have one winner and one loser.
We see a lot of similarities between 1990-2000 and 2009-2024 (potentially, but possibly a little longer). If history repeats itself we might see a price drop on Nasdaq 100 down to $2900. This sucks because I'm long-term investing and have over 300k USD in it.
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