it is because NORMALLY, the unemployment and economy improves, the FED starts raising rates and end QE. NO the FED keeps 1 year short term interest below market rates further forcing pension funds to lose money on their bond investments , you know life insurance company had to ask people to send money cause interest on bonds were too low?
a lot of these funds or pensions funds have lots of money in FIXED income that needs to be paid out. now if FED lower rates their FIX income is LESS.
so someone is paying for this 'bull market'...you see someone pays and there is NO FREE lunch.in wall street.
this bull market gone for 10 years mainly from Federal Reserve bank accomodations to the financial markets and Trump threatening to fire the FED chair or any bank chair if they raised short term rates. so this Gov't market manipulation.
This forum has been full of people preaching a lot of bs especially back in 2009-2013. Part of the reason is many short term traders often don't know shit about WHY stock markets move or how an economy works. You are free to believe in whatever you believe in. I am good at forecasting long term trends. Part of being successful in that is ignoring the bs. A lot of otherwise intelligent people lose significant long term gains because they listen to noise.
It's a free world people can do with their money what they want to.