Well, back in the day the stock market used to represent real economic activity. Now it just represents people gambling on central bank monetary policy.
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Well, back in the day the stock market used to represent real economic activity. Now it just represents people gambling on central bank monetary policy.
Actually it represents capital flow. So to think the US stock market will crash when the world is collapsing isnt logical. Capital flows means that money heads for safety.
The Fed has become the biggest safety net in history