gofastdsm

Canada gang! Hawaiian pizza and all-dressed chips for life.

I'm not them, but I think I can handle this fairly well.

Easy fed money being pumped into the market is 'distorting' it's price level, and the broad stock markets, specifically the Nasdaq, can be misleading since their largest companies by market cap have tended to be companies that were poised to benefit from the changes that COVID caused, namely tech and e-commerce. So there are also changes in relative values happening.

I think more telling metrics are related to market breadth, or how many stocks are participating in a given index-wide move. One of the more common metrics is #of gainers/#of losers.

Basically the declines have been caused by a reallocation of capital away from traditional businesses and into tech companies that are primed to gain from the changes covid has precipitated, driven by a change in relative valuations between companies, combined with the easy money policies of the fed driving up the aggregate price level.

I don't think I've been around as long as you guys, but I miss the old WSB.

The lack of an answer is a clear answer, IMO. He says he is privileged and grateful, which implies to me, that no it isn't a sustainable job for most people.

/u/-Richard is correct. The M is derived from the Latin "mille" meaining "thousand". So MM reads as "a thousand thousands" (or one million).