It. Stocks go up or down and these people, with great authority, provide an explanation. It all sounds kind of reasonable, but the day the fed raised their rate stocks went up. The next day they went down. Both events were supposedly tied to the fed rate increase. I read recently that one of the predictors of a crash was wild market fluctuations. I don’t pretend to understand, just seems to my simple mind that during these periods I suspect the rich are getting richer or at least not losing any wealth while the average guy is losing.
But I’m a paranoid sort. I don’t trust the whole thing, it seems like a huge ponzi operation or more accurately a casino. Probably while I’ll never be rich, but pretty sure I’ll be ok if and when there is a crash. I’m sure some people will out maneuver what’s going on. For the average people, they’ll be told hang on to your stocks, over the long run it’ll always be better. Maybe that’s true, but how long is the long run?
But I think Trevor nailed it, the rich will always manage to make out, especially with the govt protecting them. I wonder how things would go if we gave them the true “free market” they always want which should include fair taxation. Ain’t going to happen.
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