Yeah the joke now is that the S&P 500 is really the S&P 5. That's a bit of an exageration, but something like 1 in 5 large companies are "zombie companies" meaning they can't even pay for their debt servicing with cashflow...so they issue even more debt to service...that the "fed" now often buys, effectively letting insolvent companies print their own money backstopped by the US taxpayer and insured by the American saver and retiree who is on the hook to bail out the gamblers as well as every "citizen of the world".

The continuation and acceleration of the loss of the dollar reserve hegemony is going to hurt very badly as it shakes out, but is necessary to even have a chance at free and fair money for the average working person again going forward.