This may be a silly question, but how are all these tech stocks climbing so high? Where is the money coming from?
Unless there is suddenly a large increase in work force, everyone's pensions should already be tied up in investments, and I don't see how tech stocks can double their market cap in such a short time span without pulling huge amounts of money out of other sectors. Unless investment firms have just been sitting on all this cash all the time, where's it all come from?
Maybe I'm missing some basic economics and if that's the case please let me know. I'm genuinely curious. But it seems to me like everyone is just leveraging eachother to infinity. I guess this is the imminent bubble everyone is talking about, but how is it going to pop? Who is going to be accountable?