The market is overdue for a collapse. Problem is where else is there to invest? Property is overpriced too, Bitcoin is too speculative for most rationally conservative investors, gold has lost its luster because of bitcoin, and bond yields aren’t spectacular with artificially low interest rates the past decade.
It’s going to be really ugly when the rug gets pulled, especially for these younger investors who have never been through a prolonged downturn.
The good news is that biotech should be relatively immune over the long run. If blarcamesine works it doesn’t matter what’s happening anywhere else, the stock will go up on that news. And blarcamesine’s success isn’t dependent on bond defaults in China or the Afghanistan withdrawal or anything else that may spook the market into an avalanche.
But yes, you are correct that we are overdue for a correction. Today is just a blip when that happens.
Market Data 
Markets 
