Ah-oh, something had gone wrong. Stocks used to go down because everyone knew jobless workers was bad in the long run.
[ I first noticed during the 1980’s bank mergers that the stock market went up every time blocks of workers were laid-off (instead of when companies made a profit.)
Ah-oh, something had gone wrong. Stocks used to go down because everyone knew jobless workers was bad in the long run. ]
When the purpose of the stock market changed from being a tool for companies to raise capital for long term projects and their own company infrastructure investment while rewarding wise long term business decisions and instead turned into a short term gain casino game is when the Stock Market as a concept jumped the shark.
Companies become traded companies these days to MAKE MONEY ON THE STOCK MARKET ITSELF, not their own MERIT....
Companies used to become Publicly traded in order to raise capital to EXPAND.... in the gold olde days...
The reality of it is, making money is hard. For the last 30 years it has been keep the shareholders happy with mergers and acquisitions, lowering your cost by off-shoring, and it has been all about the deals through the brokerage firms when these mergers occur.
It is time to get back to your core competencies and yes internal growth is hard. But if Obamacare is gone, Obama's new work rules, Dodd-Frank gone so you get capital again, a 15% flat business tax, and cheap and plentiful natural gas for your plant when we unleash the fracking revolution, how can a company not be competitive nationally and internationally as well?