The stock market is a cult. Company valuations have detached from any sense of use-value reality - most of the stock markets’values is derived from how much money a stock might make and not what value a company provides to society. Valuations don’t even mirror how much revenue potential companies have, but make it up based on future revenue potential, which can be easily manipulated to simply create wealth. It’s been this way for a long time, but the extent of the situation has lost nearly any attachment to reality.

The stock is actually up 10% this month. The stock market is a shell game on full display at this point.