I gotta tell you guys, I love Emperor Trump but man, this stock market looks like the biggest bubble ever to me. It is grossly overvalued with Depression-level unemployment (you have to include people on PPP who will be unemployed soon), and the real economy was totally decimated. Tech stands on the shoulders of the real economy, too. It is one giant bubble full of speculative money. Let's put it this way, it would take many, many, many years of earnings to justify the current prices. The path of least resistance, the way this kind of "overbought" level typically works itself off, is through a rapid and major correction (decline). Usually it happens when a few people see the real economic data and get nervous, and then the panic spreads rapidly like contagion, and before you know it you're in the throes of panic and blood on the street. It's happened many times and this could be a historic selloff for the textbooks, one to tell your grandchildren about (if our society makes it that far). The Fed is a buyer and their only priority is to keep the system from falling apart, they don't care what the value (price) of assets is, so long as society barely functions and the markets are stable. So they will step in only right before stuff totally breaks permanently. That's not saying much. Real stock values are much lower than current levels. We probably sell off extremely hard soon and stay down for a very very long time, most things might never come back especially if the far left comes to power and they nationalize the stock market, tax the rich, permanent negative rates and socialism/fascism takes hold