I appreciate your thoughts but I don't think we can talk down prices. In a lock-down pandemic without intervention, the market would've tanked and there would've been long-term consequences. Sick (and healthy) companies would've gone bankrupt. Our economy would've been considerably hurt for years to come. Instead, the Fed lowered rates and purchased a bunch of securities. The government printed massive amounts of money via stimulus. In the midst of a never before seen pandemic, figuring out the right amount is hard. They got it wrong. The government stimulus was too big. They bought too many securities and kept rates low for too long.

That has resulted in rampant inflation. It will cost us for generations. The reality is we may have been far worse off if they'd done too little.