u/Admirable_Nothing

I got an unsolicited email from Polymarket today so I looked around a bit at their website and found this investment/bet/prediction. I was a bit surprised that the highest % choice by far was less than 6000. The second most popular choice was 6000-6500 and it changed dramatically as more bets came in today. I suppose many people received the same email I did. This morning less than 6000 was 30%. A few hours later it is 42%. Between 6000-6500 was 26% now is 27%. I happen to agree with the 42%, but I am old enough to have had money invested in 1987 and significant investments in 2000 and 2008, so have experience with bubbles that most Redditors don't. What do you think?

A gift article from the NYTimes Opinion page. Many of us have been asking this question and this is one person's answer. The author primarily covers the events that likely should affect the market more than they have and why the market may be overlooking these events because it fully expects any disaster to be handled by government bail out.