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It's not a reflection of the economy. Capital markets are a place where firms go to acquire capital, people with excess capital buy securities, and firms (even
by Mikeb85 11y ago
It's not a reflection of the economy.
Capital markets are a place where firms go to acquire capital, people with excess capital buy securities, and firms (eventually) return that capital. The markets are only a reflection of the pricing of those securities, which sometimes but doesn't always correlate to what's going on in the economy.