So—if I understand you correctly—you’re saying we have a market with some actors who are buying at higher-than-justifiable prices, and the rest of the market lacks the liquidity to short-sell, adjusting the prices downward? That doesn’t match my understanding of these things...but my lack of understanding of these things is part of why I delegate my decision-making to index funds, rather than trying to time or beat the market.
So—if I understand you correctly—you’re saying we have a market with some actors who are buying at higher-than-justifiable prices, and the rest of the market lacks the liquidity to short-sell, adjusting the prices downward? That doesn’t match my understanding of these things...but my lack of understanding of these things is part of why I delegate my decision-making to index funds, rather than trying to time or beat the market.