Me: The market seems disconnected from corporate earnings.
MM: It's being driven by all the free money that's sloshing around from the corporate stimulus & the Fed
Me: So the stimulus isn't saving people's jobs?
MM: No..../1
Me: So is the market is disconnected from earnings, how does anyone calculate the value of the stock market?
MM: You really can't. It's just a bet on when the free cash runs out. It'll keep..../3
Me: This really sounds like market manipulation.
MM: (laughs) Ya think? I mean, it's legal. But yah, all this money is helping push up the market.
fin