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/biz/ - Business & Finance

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20868658 No.20868658 [Reply] [Original]

>11% unemployment
>33% decline in GDP
>businesses closing constantly
>stocks still near ATH

Why is the stock market so detached from reality? Is tech all that matters now?

>> No.20868790
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20868790

Teality.

>> No.20868840
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20868840

>NOOOOOOOOOOO YOU CAN'T BUY STOCKS WE ARE IN A HECKING RECESSION

>> No.20868849

>>20868658
>33% decline in GDP
fake news

>> No.20868874

>>20868658
Because stocks are based around big tech, which doesn't have anything to do with the rest of the world.

>> No.20868927

GDP is so delayed that we have already had a recession and recovered before the numbers came out

>> No.20869040

The economy is fake and gay, stocks exist for jewish insider trading and speculators to make illegitimate profits at the expense of the general populace. It's been that way since the fucking beginning, with Hamilton's ""mysterious"" fire destroying an immense amount of data regarding insider trading with the first stock exchange setup by jews 300 years ago.

Just scrape what you can off the top and keep your nose down

>> No.20869149

>>20868658
Smart, old money is selling to dumb new Robinhood money

>> No.20869236
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20869236

>>20868658

Because the stock market is a reflection of how affluent people are doing, not the average person. The United States government has socialized the stock market as well as the well-being of large corporations and the wealthy. Primarily because affluent people have bought off both Democrats and Republicans in the house and Senate ever since the Reagan administration slashed corruption and campaign finance laws. They literally can not lose even in an economic downturn. Just look at the response to Corona virus. Instead of letting rugged capitalism run its course; the government stepped in and provided tens of billions of dollars of liquidity into the stock market and bailouts for large corporations who definitely don't need it. This is why I can never take Republicans seriously when they cry about socilism. They're the biggest socialists ever when it comes to providing assistance to affluent people and corporate America. It's all a farce.

>> No.20869369

>>20869236

I wonder who all those affluent people are... maybe they've got something in common. Really makes me think.

>> No.20869676

>>20869369
They're protestant christians of irish decent.