Was just listening to an investment podcaster I follow and he has been pointing this out for a long time. He would say this is a signal that we are not out of the woods and we may be in for a rough go economically. The stock market has been rallying but it could be hopium. Hope that the FED will lower interest rates. Hope that AI will magically make many companies more efficient and more profitable. I feel pretty strongly that we are seeing false growth right now in the stock market for the most part. That's my gut at least.

During the bull market I've had friends tell me why would you buy something that is going down in value? They are referring to bitcoin and the drop in market price. I always explain it like this. Because I have studied bitcoin and believe it is drastically misunderstood and undervalued. Many people invest in things strictly based on market signals and not underlying value. I suspect that MANY companies are overvalued currently OR they are going to have their market value drop a lot more based on their profit numbers.