lee wrote on Jun 11
th, 2020 at 1:22pm:
SadKangaroo wrote on Jun 10
th, 2020 at 10:18pm:
We know right now the US is a dumpster fire, much like the rest of the world, but we're still seeing record numbers for the Nasdaq etc.
So people shouldn't buy shares when sh!t happens.
Of course they should, but the notion that this is an accurate indicator and reflective of the realities that everyday people face, can we finally put that to bed now?
Cheering Trump for a great stock market is fine, but that doesn't mean all the other economic and unemployment issues don't exist.
We've all been expected to just accept that these record market numbers mean all Americans are doing better. We now know definitively that this isn't the case.
Record numbers in Nasdaq while in a recession with massive unemployment and millions infected with a virus that has claimed 115,000 lives so far, protests in the streets because of police brutality against minorities with in some cities putting military boots on the ground against their own citizens and the President finally building a wall, this time around the Whitehouse while cowering in the bunker.
But the Nasdaq, what a great job he's doing, thank you Mr President.
The same wealthy Americans who profited from Trump's tax cuts are now profiting again from the purchasing stock in a fire, or more so virus sale.
And this is indicative of everyday Americans how?
If anything it's as admission that Trump's not been looking after the forgotten people as promised for his entire Presidency with almost a single minded focus solely on the stock markets which we see now means nothing to the experiences and reality for everyday people.
But we already knew that given his taxation and healthcare policies and actions, but now his one positive indicator that his supporters have used to justify everything else, that no longer exists.