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To: Bill Dupray

This brings up an interesting question to me..

its pretty obvious that the stock market responds SOOO MUCH to simple consumer confidence, but we also know that in a very real sense, the stock market represents real capital which companies need to continue doing business so where does the stock market’s role as an ‘idiots scale on the health of our economy’ intersect with a real meltdown

just my curiosity

in any case it speaks volumes that confidence in our economy has plummeted and yet most of these people probably still voted for Obama. His rhetoric has changed accordingly too remember how he said it might take longer than 4 years!


5 posted on 11/20/2008 2:32:02 PM PST by our_retired_explorer
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To: our_retired_explorer
the stock market represents real capital which companies need to continue doing business

Once the stock was originally sold the companies received their funds --After that it is just people trading pieces of paper and Gambling they know more than the other players just like at the track
26 posted on 11/20/2008 3:00:14 PM PST by uncbob
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