The point is most people do not have much of a portfolio. Nevertheless, the media talks about it like it is something crucial to most people and a barometer on the economy.
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The point is most people do not have much of a portfolio. Nevertheless, the media talks about it like it is something crucial to most people and a barometer on the economy.
It’s a lousy barometer for the economy when it’s really just a rich person’s scorecard. Meanwhile, regular people are more worried about groceries than the Dow. The disconnect is wild!
The DOW is based upon capital flow, not the economy.
Few seem to realize that.