U.S. economy shrank at record-breaking 33% last quarter, as 1.4M sought unemployment aid last week

No. It’s called math. We use numbers instead of analogies for a reason.

Folks used to ask me how Trump is supposed to fuck up the country. I’d tell them I don’t know but if anything major happens while he’s in office it’s going to be a disaster. I was starting to think we’d get through this but when COVID cases started popping up in the US I reinforced my front door and adjusted my brokerage account.

1 Like

The short version:
The stock market is nothing but a measure how how much richer the 0.1% think that they’ll be in the future. Because rich people can’t conceive of a world in which they can rightly lose their money, the stock market will tend to go up until even the most thick-skulled trust fund baby realizes that things are about to go bad.

ETA:
This is of course the market as a whole. There are plenty of reasons to make a single stock go down: it makes a hostile takeover easier for example.

2 Likes

This topic was automatically closed after 5 days. New replies are no longer allowed.