Meanwhile, here in the Real World, the US workforce has shrunk to its smallest levels since 1984, wage growth is negative, and interest on savings is less than zero after inflation, which the government conveniently denies is happening.
But the Obama cheerleaders at the Communicate Nothing But Crap network keep waving their pom-poms as though we were living in a new Gilded Age.
“a handful of stocks fueled by high-frequency trading computers owned by politically-connected banks”
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I have been saying for some years now that the market is no longer your father’s stock market.
It is now mostly sophisticated computers doing the pump and dump.
I think it has little to do with reality.