Raw LLM Responses

Investor here. The reason the stock market is booming: 1. Treasury yields are basically nothing. If I buy a 10 year treasury bond, it will yield about 1%, less than inflation. With a significant increase in M2 money supply over the past year, bonds are extremely risky due to inflation risk. Even keeping money in a savings account or money market is risky as well, but to a lesser extent. 2. In March, to minimize the risk of both corporate losses and inflation risk, I hedged my portfolio with silver as it was down substantially at the time for no justifiable reason. After a 125% return I sold because I could tell it was becoming a bubble as well. I since went back into equities as I felt residents are become averse to lockdowns and Google location API data showed a lot more people going out. One of my largest positions is in a company that saw earnings growth during the pandemic, benefits from lower interest rates, yet is cheaper than it was in 2019, trading at a very low p/e ratio. 3. Real estate is bad because you can't evict residential tenants, and commercial tenants are struggling/not paying rent, and it's hard to find replacements. 4. The stock market is forward looking. If you wait until everything is totally better to invest, you're paying more. There's a lot of optimism about vaccines, stimulus, and reopening. IMO we've seem the worst news so far. In 2009 when the market started going back up, the economy was still looking really bad, but if you bought in at the bottom you'd have done very well. 5. Cryptocurrencies have already seen a huge run up and are extremely risky. If you set your discount rate based on the current 10 year treasury yield, the stock market is actually cheaper than it was a year ago. That's not to say it won't crash, but there isn't really anything better to put your money in right now. Keep in mind major indexes like S&P 500, dow jones, etc are essentially based on valuations of all companies. So one company skyrocketing in v