I am sure you have heard by now about NASA’s identification of an Earth like planet. Finding Another Earth What does it have to do with today’s stock market? Quite a bit, allow me to explain……
Most people (75-90%) on this rock think in a linear fashion. For instance, most people still believe that that they are the only “intelligent” species in the Universe. Even though the evidence to the contrary is overwhelming. Consider this….
The discovery of Kepler-452b is not likely to see the public swoon with a collective rendition of Kumbaya. But this Earth 2.0 is a huge if under-appreciated discovery, not because Kepler-452b is unique but for just the opposite reason; there are likely thousands or millions or even billions of such earth-like planets in the universe. The discovery of just one such world is good evidence for many more: after all, we know of 100 billion galaxies each with as many as 300 billion stars (big variation per galaxy). Astronomers estimate that there are about 70 billion trillion stars. Math wizardry is not necessary to conclude we did not by chance find the only other possibly habitable planet among that huge population of stars.
Throw in life at different dimensions and we are now talking about real numbers.
Back to the stock market. At today’s exuberant valuations levels, about the same amount of people believe that this bull market will continue indefinitely. And that is precisely why they are wrong.
