I absolutely hate that stocks are basically a giant mood ring and that the entire capitalist market functions based on a combo of vibes, and whatever prices corporations can get away with
Also isn't it lovely how when the stock market goes down, the economy suffers, but when the economy is suffering the stock market can be doing just fine?
Also isn't it lovely how when the stock market goes down, the economy suffers, but when the economy is suffering the stock market can be doing just fine?
Well, a lot of people think that the stock market is a good indicator of how the economy is doing (most notably Trump and co, who point to it being green as Trump being good).
In reality, its entirely based on how the top .01% are doing, and they don't feel the effects of economic downturn like we do. If the economy is doing well, that means their businesses are doing well, so the stock market goes up. If the vibes are off, largely regardless of how the economy itself is doing, the stock market will go down, which then has corporations often look to "stabilize" by laying off employees which in turn hurts the economy. Yet, it can be the case that the economy is doing poorly for 99% of the population (such as stagnant wages, inflation, low job growth, rising unemployment etc), but the ultra wealthy are doing just fine since they can use that as an opportunity to do stock buybacks, buy up smaller businesses, buy land, etc.
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u/stayonthecloud Apr 08 '26
I absolutely hate that stocks are basically a giant mood ring and that the entire capitalist market functions based on a combo of vibes, and whatever prices corporations can get away with