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In reply to the discussion: why is the stock market so important? [View all]Lancero
(3,105 posts)37. Because it's the best indicator of the condition of billionaires assets.
Which is the only group of people this nation has cared about for decades.
When it's high, the wealthy get wealthier. And everyone else gets screwed by inflation.
When it's low, the wealthy start snapping up more investment properties and buying that cheap cheap stock. And everyone else loses their job.
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Because millions & millions of ordinary people have their retirement savings invested in it ?
MichMan
Jan 2023
#2
But it would be silly to ignore the fact that electronic trading has created a
Scrivener7
Jan 2023
#9
"only sensible because they are allowed to be by those who hold the reins. "
brooklynite
Jan 2023
#29
I'm not sure the ratio of re-sale stocks to primary offerings supports that
Model35mech
Jan 2023
#19
Because, like millions of others, I work for a company that is listed on the stock exchange.
tinrobot
Jan 2023
#21
So that gamblers can play legally and not have to work for a living and add value to society.
usonian
Jan 2023
#24
I don't gamble, and I worked for a living for 36 years and I invest in the market.
brooklynite
Jan 2023
#27
145 million American adults are invested in the stock market. They're not all billionaires.
onenote
Jan 2023
#39