Everything has a starting point.
This chart starts from when Alan Greenspan (the "trickle down economics" man) started the funny money, and the stock market stopped reflecting GDP growth. Before that the market moved generally with GDP.
A proper market ought always reflect true value. If GDP grows 3%, the stock market should reflect 3% growth.
Now, if the economy grows at 1%. (and that's with made up, overoptimistic numbers put out by a desperate government and Wall Street...) everyone thinks it normal if the stock market goes up 25% in 6 months, and worried if it hasn't gone up 50% by year's end...
Of course, at the end of the day the average punter's wealth and investments and eventual 401K payouts never beat GDP growth - if they are lucky. Market goes up 50% and the elite skim off 49 of that 50% somehow...
Madness.
The market probably ought to be around where the bottom horizontal line is in this chart, accounting for real GDP growth bolstered by incredible technological acceleration the last 25 years, instead of 3000 if it were in any way reflective of the reality of the economy.
And that's a good economy that's achieved a lot, which normal people should be proud of.
3000 is insane. Asset price overinflation and miss pricing that only benefits the 1%, whilst the other 99% work hard and make the real. economy.
We need a free market with price discovery and a fair and sane reflection and distribution of wealth.
This chart starts from when Alan Greenspan (the "trickle down economics" man) started the funny money, and the stock market stopped reflecting GDP growth. Before that the market moved generally with GDP.
A proper market ought always reflect true value. If GDP grows 3%, the stock market should reflect 3% growth.
Now, if the economy grows at 1%. (and that's with made up, overoptimistic numbers put out by a desperate government and Wall Street...) everyone thinks it normal if the stock market goes up 25% in 6 months, and worried if it hasn't gone up 50% by year's end...
Of course, at the end of the day the average punter's wealth and investments and eventual 401K payouts never beat GDP growth - if they are lucky. Market goes up 50% and the elite skim off 49 of that 50% somehow...
Madness.
The market probably ought to be around where the bottom horizontal line is in this chart, accounting for real GDP growth bolstered by incredible technological acceleration the last 25 years, instead of 3000 if it were in any way reflective of the reality of the economy.
And that's a good economy that's achieved a lot, which normal people should be proud of.
3000 is insane. Asset price overinflation and miss pricing that only benefits the 1%, whilst the other 99% work hard and make the real. economy.
We need a free market with price discovery and a fair and sane reflection and distribution of wealth.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.