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The data are likely bunk and wall street is trying to convince main street that all is well [1]. I certainly do not share the optimism of the participants in t
by game_the0ry 6y ago
The data are likely bunk and wall street is trying to convince main street that all is well [1].
I certainly do not share the optimism of the participants in the market. I think many people are in a state of denial and willfully ignorant optimism, which is understandable since people get irrational with their own money at risk (I've been there). The US (and arguably the world) is going through a lot of pain right now and it's tempting to look at this article (or any sign of hope, no matter how trivial) and think "everything is fine."
^^ Take a moment to reflect on the above - did it upset you? Are you smashing your keyboard in reply? Before you do, consider: that's exactly how rational markets become irrational, how markets crashed in 2000-2002 and 2008, and how they'll boom and crash in the future - unchecked emotional reaction to fear. If you need to take it out, just downvote and get it out of your system.
[1] https://www.zerohedge.com/markets/nothing-has-happened-shocked-wall-street-responds-payrolls-offers-3-options-what-happened https://www.zerohedge.com/markets/nothing-has-happened-shock...