> It appears the market doesn't give a shit about company fundamentals right now.
Fundamentals have never mattered all that much. Stock prices are based on demand for the stock itself, which is largely dependent on economic conditions. When the Fed was increasing the money supply a lot of that excess pumped up stocks because there was nowhere else for it to go, now that money is drying up causing the market correction.
“In the short term the market is a voting machine. In the long term it is a weighing machine”
- Buffett.
Fundamentals matter over long periods, but in short time spans it is, as you say, about demand for the stock which can have nothing to do with fundamentals.
Fundamentals have never mattered all that much. Stock prices are based on demand for the stock itself, which is largely dependent on economic conditions. When the Fed was increasing the money supply a lot of that excess pumped up stocks because there was nowhere else for it to go, now that money is drying up causing the market correction.