>>513016693
You're wrong. The stock market was pumped up by government, just like house prices, in a policy called "The Wealth Effect". The idea is that if asset prices go up people feel wealthy and they spend more, stimulating the economy. They can also borrow more against their assets.
Since this is a government manufactured system government will not let it fail. If people's assets depreciate the economy will get fucked, see 2008. There will be mass riots. If people's 401ks collapse in value the older generations will vote for massive taxation of the rich to pay for their retirement. So what is their solution? The same as it always is, devalue the currency. When the currency goes down the value of assets goes up, inflation. Dollar down, stocks up. This is why interest rates were consistently lowered for 40 years, now that no longer works new methods will be used to inflate the money supply, Quantitative Easing, and maybe UBI.
Holding cash is how you lose. Holding assets which cannot be printed beyond demand is how you maintain value, Gold, BTC, a house, etc.
Of course the government policy they implemented was always retarded. Asset prices going up only helps people who own assets. They've risen so high that young people cannot afford to buy the biggest assets of their life, a home, therefore The Wealth Effect does not work on young people. In fact the opposite, they're disaffected. This was always the wealth extraction mechanism, pump up asset prices then after half a generation or when it stops working take off for new lands and repeat the scam. Jewing 101.