Quote:
Originally Posted by OneHungLo
The stock market really moves on news and future results. GW set that QE in motion and bailed out those banks which gave that big boost to the market. I'm being honest here...I don't see anything Obama did that had much to do with that.
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the stocks market is NOT a mirror of the economy in general.
it is the samer as with cybercoins and if people buying stocks the price will increase.
the majority of stocks sold after the tax break have been sold to the companies that gave them out.
they used the tax cutt to produce an unnatural demand.
80% of the shares in DOW are HEAVILY overpriced !!!
the next fact is that nearly ALL big share companies in DOW are depending on the world economy. a better local market have nearly zero influence on their values. but even a local market depends on the world market. when the world market struggles there is nothing that local workers can produce because there is no demand. they would lose their jobs and lost jobs are killing the local market.
so if you think that the branch of the tree you are sitting on can not break then you have overlooked that this branch is hanging on a tree which trump is sawing off right now.