Current Events > Why hasn't the stock market crashed with all the unemployment and no $600 checks

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BlueTigerLion
12/24/20 11:47:55 AM
#1:


Would have thought there would be a dip by now. As it seems there wont be a stimulus anytime soon. If Trump vetos that.

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AzurexNightmare
12/24/20 11:48:59 AM
#2:


I don't know. I don't give a crap anymore I give up.

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BignutzisBack
12/24/20 11:49:02 AM
#3:


Everyone is doing everything in their power to keep it afloat so they can get their Christmas bonuses, if things continue the way they are I could see it bottoming out early January

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JBaLLEN66
12/24/20 11:49:22 AM
#4:


cause it's sustained by hopium

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WilliamPorygon
12/24/20 11:50:20 AM
#5:


Because the stock market only cares about billionaire CEOs who don't need the $600 that badly

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The23rdMagus
12/24/20 11:50:23 AM
#6:


Makes you wonder how accurately the stock market reflects the actual economy, with regards to everyday people. (Probably little to not at all.)

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NightMarishPie
12/24/20 11:51:32 AM
#7:


The23rdMagus posted...
Makes you wonder how accurately the stock market reflects the actual economy, with regards to everyday people. (Probably little to not at all.)
You don't have to wonder; it doesn't.

Also I'm down like 5% today alone after the stimulus news.

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John_Galt
12/24/20 11:54:09 AM
#8:


The23rdMagus posted...
Makes you wonder how accurately the stock market reflects the actual economy
The Russell 2000, which measures small companies that no one has ever heard of, is at all time highs

looks like the economy is just fine

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The23rdMagus
12/24/20 3:05:06 PM
#9:


John_Galt posted...
The Russell 2000, which measures small companies that no one has ever heard of, is at all time highs

looks like the economy is just fine
Odd. Why aren't the people just fine, then?

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MangoFan462
12/24/20 3:05:55 PM
#10:


The stimulus really isn't necessary.
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KiwiTerraRizing
12/24/20 3:07:01 PM
#11:


The market is a confidence scam

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TheMikh
12/24/20 3:07:26 PM
#12:


two words: quantitative easing

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BobLoblaw_
12/24/20 3:13:45 PM
#13:


Because the stock market has no bearing on the actual economy

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ElatedVenusaur
12/24/20 3:15:06 PM
#14:


BobLoblaw_ posted...
Because the stock market has no bearing on the actual economy
This. But also because they get all the "relief" they could ever want on demand.
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ScazarMeltex
12/24/20 3:17:14 PM
#15:


John_Galt posted...
The Russell 2000, which measures small companies that no one has ever heard of, is at all time highs

looks like the economy is just fine
Imagine believing this when unemployment is still through the roof and 1 in 7 Americans are getting food from food banks.

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#16
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harley2280
12/24/20 3:18:01 PM
#17:


Because the Fed is pumping billions into the market to create the illusion of economic stability.
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g980
12/24/20 3:19:22 PM
#18:


The23rdMagus posted...
Makes you wonder how accurately the stock market reflects the actual economy, with regards to everyday people. (Probably little to not at all.)


No one except Trump has ever claimed it is

The important answer is that the market tracks expectations about future performance. With the vaccines, people with multi-year horizons think things will bounce back

Not everything is an illuminati billionaire conspiracy
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