Oh, the layoffs are terrible and a lot of people are in a really bad place - please don't read my statement above as implying the everything is honky dory for e

Oh, the layoffs are terrible and a lot of people are in a really bad place - please don't read my statement above as implying the everything is honky dory for everyone. It's just, these two things aren't connected - the market can tail spin or be in a huge surge and things don't really change for most folks on the ground - a few more or a few less yachts are built. Valuation going down doesn't cause less revenue to come in - less revenue coming in will cause valuation is going down, but a lot of other things (including paniced sell offs, speculation, and everyone and their brother learning what "shorting" is) cause the valuation to go down as well. The economy is in trouble, but the stock market is only an indicator of the economy, not a vital component of it - so America cares that layoffs are happening, America doesn't give a hoot that the DOW is bearish or bullish.