This makes NO sense to me.

[jaF0]

How did we get to a point of such wide disparity?



Stock Futures Point to Fresh Records for Major Indexes

Wall Street Journal|3 minutes ago

The S&P 500 is on track to erase yesterday's muted losses and extend the November rally, potentially notching a new all-time high.

https://www.wsj.com/articles/global-stock-markets-dow-update-12-01-2020-11606818064


More Americans Pay Rent On Credit Cards As Lawmakers Fail To Pass Relief Bill

Many Americans who've lost income in the pandemic are falling deeper into debt — forced to pay bills or even their rent on credit cards. It's a sign of trouble ahead for the economy.

https://www.npr.org/2020/11/30/9388...t-cards-as-lawmakers-fail-to-pass-relief-bill

 

[Tim2run]

The stock market is reacting to near-future vaccines.

Peoples' finances are a result of the past need for vaccines.

It's pretty cut and dried unless your polity clouds your "vision."

 

[adrina]

https://www.cnbc.com/2020/08/27/wealth-gap-grows-as-rising-corporate-profits-boost-stock-holdings-controlled-by-richest-households.html

The stock market is only marginally attached to reality at this point. It's pretty much a rich person's playground.

While an oft-quoted Gallup Poll indicated that 55% of households own stock in 2020, it is the very wealthy who control almost all of this asset. A separate Federal Reserve report indicates the top 10% of households by net worth control 87.2% of the equities in this country at the end of the first quarter. While the top 1% have always controlled 70% to 80% of stock market value since record-keeping began in 1989, this is the highest level of ownership ever, other than the fourth quarter of 2019, when it was 88.1%.

 

[Tim2run]

The stock market is never grounded in today.
It is always focused on betting on tomorrow...
That's investing 101 and something everyone should know.

 

[coati]

The market for the biggest companies in America (comprising the stock market index) has become more and more globalist in nature. That's why the Republican leadership figured out they can afford to ignore economic hardship among the unemployed and working poor in America, while still reaping economic advantage themselves.

However, this strategy will involve continued efforts to suppress the poor from voting and continued efforts to culturally appeal to the lower middle class by scapegoating "liberals" and foreigners. Once enough people fall off a cliff, the Republican scam will no longer be electable, and basic policies will change to force government to be much more responsive to its own working poor.

With no control over the Senate, Biden is inheriting more national debt and a less resolvable mess from the Republican leadership than Obama did in 2008.

 

[RobDownSouth]

The stock market is never grounded in today.
It is always focused on betting on tomorrow...
That's investing 101 and something everyone should know.

Eight years ago, you lectured us that the stock market was actually a "trailing indicator" of market performance.

Now you're telling us that the stock market is a leading indicator?

What changed, AJ?

....besides the skin color of the occupant of the Oval Office? Hmmm??

 

[WillJ8787]

How did we get to a point of such wide disparity?



Stock Futures Point to Fresh Records for Major Indexes

Wall Street Journal|3 minutes ago

The S&P 500 is on track to erase yesterday's muted losses and extend the November rally, potentially notching a new all-time high.

https://www.wsj.com/articles/global-stock-markets-dow-update-12-01-2020-11606818064


More Americans Pay Rent On Credit Cards As Lawmakers Fail To Pass Relief Bill

Many Americans who've lost income in the pandemic are falling deeper into debt — forced to pay bills or even their rent on credit cards. It's a sign of trouble ahead for the economy.

https://www.npr.org/2020/11/30/9388...t-cards-as-lawmakers-fail-to-pass-relief-bill

This is easy to understand.... economic opportunity is unequal!

Rich folks make more money on downturns over the long term because of the deals to be had...falling wages, foreclosures. All create opportunity for Capitalist s to cash in by buying in when ordinary people have no power or economic leverage.

 

[LLCox]

Buy backs make the Stock Market go up.

 

[Funit]

Getting into stocks and shares as a regular everyday person can be quite unhealthy. I know people that dipped their toe into it and they gradually ended up with their faces glued to their laptop screens all day everyday getting neurotic about their stock prices, it can take over your life and in the long run they were not even making that much anyway, not enough to right home about.

You really have to know what you're doing in that game. I give it a wide berth.