The stock market isn't the economy

[xyoungblood]

and that is even more apparent these days. I watch the stock market, I have a 401k and it boggles the mind how on even days where the news is all bad...the market goes up. If businesses are closed and borrowing money, or going out of business altogether and people are losing their jobs and the TrumpCovid is killing thousands of Americans and the global economy is collapsing; how is the stock market going up?

I think there is a hopefulness in Americans that we are coming out of these dark times. When we get the good news out of N.Y.C. we embrace it, but N.Y.C. represents only N.Y.C. and this virus is going to jump from state to state and from city to city, NY was just the first to get hit hard. Twenty percent of Floridians are over 65, what happens when they get hit hard?

This thing is only getting started. Even after a place is hit and "recovers," stay at home orders will still be in place. Congregating will still lead to small bursts of mass infection, the virus will still be here until we have a vaccine available to everyone. Next year sometime.

Accept the good news and embrace it, but don't allow yourself to let your guard down and think things are getting back to normal, don't accidentally get the virus.

I realize that this is a downer of a comment, I don't mean to burst bubbles of happiness, but being a realist will keep you and your family alive.

Keep social distancing, stay home.

[empedocles]

1. 'Buy the rumor, sell the news' - is a one piece of the stock market story

[guillaumeb]

2. Welcome to DU.

In my view, what we are seeing is some speculators betting that some stocks will be good investments in the mid-range to long term. And some are buying stocks that they feel represent a good bargain. But given that the top 1% onw approximately 85% of all common stock, and given that over 40% of US families say that they could not easily deal with an unexpected $400 expense, the media fascination with the market as indicative of a healthy economy is playing to the rich.

[MarcA]

3. The real economy for the most part is the little people and small businesses.

The ones that actually drive the economy and don't just exist to get tax abatements and exemptions.
One thing that All States and Localities need to be doing to help these people is to delay the deadline on their property tax payments.