Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras

[bucolic_frolic]

4. Today's bubble has the advantage of 15 years QE1-2-3, Operation Twist, CARES Act, STIM,

Infrastructure, CHIPS and Science Act, and more along the way.

We invested in growth, and took on a lot of debt to do it.

Stocks are going up because there is growth, and because there is so much money around. The currency is somewhat devalued because of all this, so stocks are being repriced as investors figure out where to put their money.

The only risk to the bubble is if the money supply stops growing. And it will, when we cannot, or are unwilling, to repay the interest on the debt. That interest is something like $800 billion a year. That's what all the hubbub over the budget is about these days.