There is a dysfunctional view or opinion regarding the stock market. ‘Economic health is measured by higher stock prices’. This is totally wrong. There are large institutions and funds buying and selling stock. And there is a relatively small number of individual investors. And more automated computerized buying than ever before. These conditions have caused a big bubble. The condition where stock values are so high they no longer represent real value.
Bubbles burst. Booms will go bust. It will be swift and it will be painful. It will be widespread and it will be prolonged. Economic stagnation has happened before and it will happen again.
40 million American workers have lost jobs and health care. Household budgets across the country are in disarray. The economic ripples have just started and the stock market is not reacting. The stock market is artificial and more dangerous than ever.