>>507910290 (OP)- WW3 fearmongering was also raised in the context of the Syrian civil war and the Ukraine war, and probably dozens of other crises in the past decades as well. It's not real.
- Lack of better alternatives to put your money
- Passive ETF/indexing flows are very strong nowadays, a large segment of investors only ever buys no matter what due to 401k flows and 50 years of "passive investing outperforms everything, buy the dip" wisdom
- Crisis fatigue - there's always some crisis going on, and it doesn't really matter in the long run
Mike Green has a lot of interview content on youtube on the passive investing bubble. This is backed by academic research, and it will be interesting to see how a reversal of passive flows from net inflows to outflows due to retiring boomers or possibly large job losses may tank the markets. But he has been warning about this since 2017 and his position is that you should exploit this effect instead of trading against it.