I never stood why it recovered in 2008. The economy was poor and there wasn’t any recovery until recently. I would like to have the Fed audited to see if they have propped it up.
Retirees have gotten tired of earning nothing from interest while essentials have increased. More money from retirees has flowed into the market. In addition corporations have been squeezing workers and pouring the savings into stock buybacks. Also how much of the stock increases really just a decline in the value of the dollar?
I never thought it was wise Trump bragging about the stock market. It is too subject to manipulation. The deep state will do anything to destroy him.
EXACTLY. I listened to Fox News on Sirius XM the other day, and they played a bunch of clips with Trump bragging about how much the market was up, up, UP! And knew..with certainty..that the powers that REALLY run the country (and the world) would almost certainly do everything they could to crash the markets. They really do hate him (and what he stands for - which is essentially in their way of doing what they want with globalism, strip mining America, etc) that much.
Those who don't think this is an orchestrated / intentional crash for political reasons are not paying attention. That said, it's very frustrating to "invest" and learn after many years that your "investment" has NOTHING to do with the value of a company, but what political games are being played. Very sobering.