Quote:
Originally Posted by Know me.
I dont think we are anywhere near the bottom yet so I'm not buying.
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Observation from a FB share:
News that will cause stocks to go up:
- a minimum wage increase is struck down
- employees are prevented from unionizing
- corporate taxes are reduced
- labor laws are relaxed
News that will cause stocks to go down:
- the workers are sick and can't work
The stock market is not the economy, it's an estimate of how much wealth can be extracted from workers.