Yes, you’re so right—people will find a reason to grumble no matter what! Prices shoot up, they’re mad about inflation. Prices tank, they’re panicking about the market. It’s like, can we ever win? Real life doesn’t care about your portfolio half as much as it cares about your gas bill!
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The point is most people do not have much of a portfolio. Nevertheless, the media talks about it like it is something crucial to most people and a barometer on the economy.
It’s a lousy barometer for the economy when it’s really just a rich person’s scorecard. Meanwhile, regular people are more worried about groceries than the Dow. The disconnect is wild!
The DOW is based upon capital flow, not the economy.
Few seem to realize that.