Well people keep saying, "what if its different this time". And what if it is? The proof is a stock like TESLA which made Elon Musk the richest man on the planet today. The entire market cap of Tesla exceeds the combined market cap of all automakers currently. And when you are driving around, you see Toyota's, Fords, Dodge's. How often do you see a Tesla? Almost never in my area.
I think the earnings per share for Tesla is priced in going 20 years at the current rate. And yet the stock keeps going up. They had a stock split so the actual price is more like $4000 right now. Shorters are getting margin called left and right since it broke the $400 area about a year back. And at this rate it will have a market cap of 1 Trillion and Apple had a market cap of 1 Trillion about a year back.
So markets are not making any sense right now. It can top at $40K or it can top at even $400K. People are at home, bored, and nothing else to do buy purchase Tesla options and Bitcoins.