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Yep. Trying to read things into stock market gyrations is a waste of time.
Yes and the stock market being "good" doesn't mean the overall Main Street economy is doing well .
Many people don't realize this . Many are saying stocks are pretty overvalued right now .
So you take your investment advice and ideas from someone's opinion as published on their blog and who uses Wikipedia and YouTube as sources....
I don't think the markets are "rigged." I think they are based on the emotions of both the consumers and the business owners themselves. Do I think people try to manipulate stock prices - of course, but in general economics is an emotional financial science. If people "think" things are going well, the economy is good. If people "think" things are going bad, the economy is bad. The markets follow how people think and feel about the economy.
Despite a good jobs report, and on the heels of the fed's announcement of no new interest rake hike, the stock market is nonetheless dropping, in response to the most recent events out of the White House:
Warning Iran that new sanctions could be levied against the country following a recent ballistic missile-test launch.
Trump could use military force in Mexico to prevent immigrants crossing the border.
Tensions reportedly rose between the U.S. and Australia after a testy phone call between the two leaders over a previous refugee deal under the Obama administration.
Protests at airports following Trump's executive order to ban travel from seven Muslim-majority countries, a ruling that extended to lawful visa and green card holders.
A number of federal judges deeming the ban partially unlawful.
Maybe it'll pick up tomorrow, when the official jobs report is released, and because Fridays are often "up" days. OTOH, businesses sometimes falter when they don't know what unstable action by the govt may be coming down the pike. A simple negative tweet about Facebook or Google can cause the market to fall.
lmao...Yeah tax payer money being dumped into it really helps fake the numbers doesn't it?
Not fake. It was a step to stabilize things . It worked . Nobody went to the FDIC to get their life savings back, American car makers didn't collapse, the housing market is strong again, and so forth . And the money investors are making off of a stock market that has been breaking records since before Trump certainly isn't fake .
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