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In reply to the discussion: There's something seriously wrong with the stock market [View all]Wounded Bear
(58,649 posts)13. The Stock Market has been largely decoupled from the general economy...
any more, it's a casino for the hedge fund managers. Stocks used to be tied loosely to things like how much capital, equipment, and inventory it had. Now, not so much.
Any more, it's almost reflexive that when tons of people lose their jobs the market rises, thinking companies are shedding dead weight. Not so true this time, but like I said, it's kind of a relflex now.
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There are so many industries that are being damaged. Food, transportation, and retail.
still_one
May 2020
#30
According to trump's own economic advisor, May's unemployment rate is going to 20%
still_one
May 2020
#29
Are you kidding me? Trump's trade wars hurt the farmers tremendously. While the economy has
still_one
May 2020
#32
No, They heard that Pelosi would soon be in charge and things would be looking up
tavernier
May 2020
#34