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ck4829

(35,077 posts)
Thu Dec 21, 2017, 10:28 AM Dec 2017

Stock market goes up, stock market goes down... Who cares? [View all]

This is the only correct way to play this game. If the stock market raises 5000 points under Trump or a future Democrat, I will not care. Same thing if it lowers. I'm not going to push any story like that along, I'm not going to promote it, nothing, and you would be wise to do the same.

Why?

It's confirmation bias. People will take what they want away from it. The Dow has raised over and over again, it has even raised 5000 points.


But as usual, this has turned into nothing for wage workers. People use it for their own biases and to serve their own perceptions, illustrating that, I've got a picture of a person who said last year the Dow is raising because it is in the tank for Hillary and that same person retweeting the Trump saying the Dow is raising and it is to "MAKE AMERICA GREAT AGAIN"...



The stock market has also been wrong, very wrong, like when there was a rally and it was because stockbrokers predicted a "quick Iraq war"... oops.

The stock market is, quite simply, a form of phrenology for the economy. And if you want to reach out to the disaffected out there, including people who don't generally vote and won't see any of this skyrocketing Dow's returns, then let's all give a thumbs down to using the stock market as an indicator of the economy. Now and forever, regardless of who is President.
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