I've officially reached the point where I don't understand what the market is pricing in anymore.
Bad economic data? Green.
Weak guidance? Green.
Geopolitical drama? Green.
Valuations that make zero sense? Believe it or not... green.
Every dip gets bought like there's an infinite money printer hidden under the NYSE floor.
So what's actually holding this thing together?
* AI hype still carrying the entire index?
* Passive inflows on autopilot?
* Buybacks?
* Retail FOMO?
* Institutions terrified of underperforming?
* Or are we just all pretending nothing matters until it suddenly does?
I'm not even saying we're about to crash. I'm genuinely trying to understand why every reason I would've expected a correction just gets shrugged off.
What am I missing? Explain it to me like I'm the guy who bought puts three weeks too early.