Here is a thought I’ve had for some time. I do not think the well-being of the stock market has the effect on our economy that it once had. For starters, the market can seem to do quite well while a recession is on. There was a time when a shift in the stock market was almost tectonic. Nowadays it bounces up, and down, very quickly, and doesn’t seem to take the economy with it anymore. Another thing I think is that the stock market is essentially always flooded with money, regardless of how well it is actually doing. Think about all the 401ks and other things automatically deducted from millions of people’s pay- a constant influx of dollars. That could cover up or disguise a multitude of problems, or make up for a lot of losses. Based on these thoughts, I’m not sure the stock market really reflects anything other than the stock market.
Agreed. I've thought the same.
I feel poor because I am. Income has remained constant yet purchasing power has bottomed out due to inflation and taxes.