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the question is when?
"I’m not saying it will happen today, tomorrow, in 12 months’ time."

So those are times when it won't happen I guess.

the answer is does not matter cause next double digit trillons will be printed right after it so market knows this, investment bankers fully understand this, public barely even know or understand it. They only know printer but don't fully understand. If they did, they would stop working for almost free
Someone still thinks markets have to reflect the state of the economy?
Doubt.

If I got a dollar every time someone says "STOCK MARKETS WILL COLLAPSE", I would have many dollars.

But when they will fall is too big to fit in the margin of this web page.
This is absolutely true. I too guaranty that the market will have a wild fall in the future. The problem is that we don't know when it will happen. The best we can do is pick the best investments we can, invest for the long term and hope for the best.
Why wouldn't this be priced in already? I am often skeptical when people claim to predict the market, given how much can be made by quietly predicting correctly.