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You couldn't tell this by looking at the stock market.
by sssilver 5mo ago
You couldn't tell this by looking at the stock market.
- XorNot 5mo agoWhich is the point. There's been a concerted effort by the government to make this the story. Layoffs and cost of living problems but you must discount the evidence of your eyes and ears and remember it's over 50,000! The PE ratio of Tesla should tell you everything you need to know about the stock market representing actual economic conditions.
- jazzyjackson 5mo agoTo me, it just means a dollar doesn't buy as much of IBM as it used to.
- citrin_ru 5mo agoStock market is up only because investors bet on AI, if you'll exclude AI and AI supply chain at best it would be stagnant.