The pretzel logic behind buying stocks is that there "is no alternative", because Goldman Sachs appointed Central Banksters are driving yields into the ground.
Unfortunately, they never stop to think what happens when yields rise and there IS an alternative.
There are bond gamblers out there sitting on colossal capital gains from owning sovereign ponzi bonds which trade inverse to yields. When they sell, this is what happens to stocks...
"It seemed like a good idea at the time. I didn't think anyone would cash out though, after a 60% gain on a negative yielding bond. I thought they would hold until maturity and take the loss"
