Yes it's extremely bloated. It's obvious for a lot of reasons but something a lot of people don't consider is how many companies will have an IPO significantly higher than the banks appraise them for. Not to mention the number of IPOs have been increasing rapidly. This very quickly becomes over hundreds of billions from just a handful of them from thin air.
The media has been yammering about the strength of the market and how it CAN'T crash... Which means they want to crash it.
Yes it's extremely bloated. It's obvious for a lot of reasons but something a lot of people don't consider is how many companies will have an IPO significantly higher than the banks appraise them for. Not to mention the number of IPOs have been increasing rapidly. This very quickly becomes over hundreds of billions from just a handful of them from thin air.