RE:over all stock market prices Yes, a mind-boggling amount of money creation across the world by central banks has spawned a tinder box situation that could blow at any time. Massive amounts of new currency in a non-organic process--that is, unsupported by production, which is the way money(purchasing power) naturally comes into being. The new "money" printed into existence has entered into an artificial system completely via and in support of debt instruments. The tsunami of liquidity has washed, through the conduit of Wall street and mirror constructs around the world, across major asset classes such as real estate, bonds and debt instruments of every description and the major stock exchanges.
Unfortunately for Flyht, the liquidity entering the stock markets via index and ETF buying and massive stock buyback efforts by large corporations has not touched the Canadian Venture exchange. We have been completely bypassed.
The world is in the midst of a financial Ponzi situation that could disintegrate at any time, but who knows, perhaps increasingly insane behavior by central banks will actually keep it going for several more years. But if the Venture exchange has been bypassed in the craziness one might think we wouldn't be too damaged when it all untangles. The danger to Flyht is that the airlines and surrounding industry have been swept along in the crazed momentum and many are debt vulnerable while operating on thin margins. When the next recession comes it will likely be a doozy. The air travel industry will suffer much. That won't be good for Flyht.