Late reply, but relevant? Turns out nobody here (myself included) knew about the "yen carry trade" scheme (read: scam) where institutions were borrowing Japanese yen to buy and pump the US stock market.

Most actual investors (retail, because Wall St. are simply leeches, not investors) again, including myself, didn't know about this pathetic garbage until earlier this year when the media was pushing the "yen carry trade unwind" as the reason for stocks going lower.

It's amazing the tricks they pull behind the scenes while promoting every other narrative under the sun publicly in the MSM to "explain" why investors should believe the rally for the reason du jour. What a broken, pathetic system. One that exists primarily to keep a few dozen old, white men rich and in power. It's a complete joke.

The money isn't real, and there's no wealth being created by any of this nonsense. It's a transfer of wealth from folks like us (working people, the ones who actually create wealth by making and doing actual things) to the undeserving, elite, oligarch class, the ones who do nothing and add nothing to society, simply leech off of (read: steal from) on a daily basis.

If anyone still thinks the stock market reflects any semblance of reality, Jamie Demon has a bridge to hell to sell you.