RE: Why stock markets are high?

I agree with the point that AI is leaving a large part of the population unemployed, which translates into less work and less income for families. This could lead to a credit crisis, causing economic problems as familie's consumer spending decreases. And yes, in times of crisis, we all accumulate hedging assets like gold, and many currently hold Bitcoin because it's considered almost equivalent to gold, although it's much more volatile, of course. So, the possibility of a global crisis is quite real, as unemployment and reduced family incomes are more than likely.