Fogdog
Well-Known Member
Most people don't even think of the stock market and when they do, as you say they think the Dow Jones going up means better days are ahead. The market is not a predictor of economic prosperity. It does show that people with money prefer to put it into stocks than lending the money out. Low interest rates are a big part of the reason why the market hasn't dropped yet. Gold has gone up a lot too, btw. I figure a crash is coming, I predicted a crash by April, which happened and then the market recovered.Does anyone seriously think that all those big US corporations on the exchanges are worth more today than pre-pandemic?
Come fucking on! Trillions of dollars pored into the economy by taxpayers with nowhere to go so up go the mostly irrelevant markets. That’s the crutch supporting this shit. Lots of open air under those stock values to fall through.
My guess is, Trump has jiggered the system to prop prices up and we'll see the crash after the election is done. They will blame Biden, of course.