European Markets and US Stocks made a massive bullrun during "the pandemic". Pretty strange if you ask me for a scenario where the world was about to stop spinning... But all over the world, moneyprinting seemed to be the way out. And that money was given to those who needed the help, good to know but it also made people lazy, it kept them comfortable. They where not thinking about going back to work, so the real economy could pick up its strenght. And with that money things where bought, also Stocks.. Stocks bought on printed money, money that has no backbone or anything to back it up, meaningless paper..
I dont need to explain anything further, i hope...