Charles Biderman 
The unprecedented stimulus measures are driving speculative stocks and cryptocurrencies sky high. A prime example is the show Elon Musk is putting on with Dogecoin. But the impact will be all the harder if the Tesla CEO, like Icarus, gets too close to the sun.
The pandemic poses significant challenges to democracy and the rule of law. Meanwhile, authoritarian systems are experiencing an upsurge. But this is only a temporary trend, because thanks to the power of free markets, we are inexorably heading towards global prosperity.
New government funding is likely to bubble up stocks further. That means the risk of a market crash in the coming year is rising. Investors should be especially careful in the month of April when several hundred billion Dollars in capital gains taxes are due.
Suckers Market: There are increasing signs that the stock market boom is nearing its peak. Retail investors are speculating wildly with options and believe that they cannot lose money with stocks. At the same time, companies are throwing more and more stocks onto the market. A sure recipe for a crash.
Global markets have been surging since three vaccines with 90%+ efficacy have recently passed clinical phase III trials. In essence, the stock market is saying that the end of the pandemic is in sight and that «real good times» lay ahead.