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I don't think parent comment means "why don't all these poor people just sell a few of their shares, they'll be fine". They're saying that the stock market valu

I don't think parent comment means "why don't all these poor people just sell a few of their shares, they'll be fine". They're saying that the stock market value reflects traders' view of the future economy based on current information and that it is not as low as it would be if those traders all agreed with the current headline. (I'm not saying that I think the stock market is a good indicator of future economic growth and actually even the parent comment didn't explicitly say that.)

coldtea 7y ago
>They're saying that the stock market value reflects traders' view of the future economy based on current information and that it is not as low as it would be if those traders all agreed with the current headline. I'd say the stock market value reflects traders' short term opportunistic view of what they can make in the stock market - especially with a huge stimulus package landing. So basically a bet on companies, not on working people income. Whether millions will be added to the jobless and new poor, is not much of a concern for such a bet.
- zebrafish 7y ago
  Companies are ultimately dependent on working people income because in the absence of big government, companies are ultimately dependent on consumer spending.