THE SAME THING IS HAPPENING TO THE USA STOCK MARKET AS HAS HAPPENED TO THE WEALTH EFFECT.
there are fewer and fewer mountains of cash in this world as the rich get richer. those mountains of cash used to be divided up amongst many people, but now only a handful have it all. the same thing is happening right now in the stock market. instead of millions of people owning a part of the stock market, there is only a handful giantly wealthy ones now. this is why 90+% of main street is standing helplessly watching this market march higher in disgust. they missed out, and now only a handful of very wealthy people are making all these gains, and they control when and how much the market will go up or drop from now on.