You mean hot money chasing returns, right? We've seen a lot of that for a couple of years. That's why we're here, isn't it? I think there's some sort of deeper economic malaise left unresolved in the wake of the great recession, something I don't quite understand.
We're not as healthy economically as we should be for sure.
But as far as the market goes, the world is awash with cheap money with few worthwhile places to go. % rates world wide are very low, if not net negative. Buying bonds is a waste of time for savers.
Demand is still a bit weak, so business investment building new capacity is weak. The US is still highly stable, so a strong attractant for money.
Otherwise lots of companies still pouring money into buy backs.
Then there is the corrupt motivations to keep market high to save Trump. That's a certainty here.
To me, it all adds up to money likely to come back into the market eventually and we're back to the trendline.
Maybe the virus has everything go tits up, but for now I'm thinking there is a decent chance most of the net impact will be short-term panic and slowdown, but not apocalypse, esp if we do see seasonal effects (no evidence yet, but respiratory diseases tend to be...) It's worth putting a few of my dollars back to work, and hold the rest and see how it evolves next week.