Mastodawn

If there were a democrat in the white house the stock market would be tanking right now at the news of supply chain chokepoints in oil. But, under Trump the market has reacted much less. It's easy to make the mistake of thinking of the market as a force of nature but it's really just the aggregated decisions of a few thousand wealthy people and institutions.

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myrmepropagandist 1d ago

The market is supposed to be objective and motivated only by profit but these decisions are informed by the biases of those people. Worse, it's deeply informed by what those few thousand wealthy people *think* their peers will do.

So you have people saying "no one believes Trump when he says the war is over, but we expect the market to react to what he says so we will react in anticipation of that... thus creating the reaction."

But, this doesn't go on forever.

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Steffie 🏳️‍⚧️ :rubber_pride-heart-600: :triple-moon-transfem:

@futurebird Kinda, the markets stopped being about profitability and soundness a while ago, and really became vehicles of speculation and short term gains. They operate far more like betting pools then financial investment arenas. At this point, the markets only exist to prop-up the markets. There’s a general understanding, by the wealthy, that if they tried to back out the entirety of their worth would collapse. So, we get manipulative 1-3 hour ‘bubbles’ as every tries to eeck out some huge return on a daily basis. The stock, bond, and futures markets are now systematically intertwined in this cycle of shifting bets and odds with the knowledge that it Must continue or capitalism, itself, becomes unstable and threatens the wealthy class, and the institutions representing mean investors (pensions, unions, 401K participants, etc). The general corruption and exploitation is merely a reflection of this. How long it can continue like this is anybody’s guess, but there is zero incentive to “correct” the markets by it’s investors or participants.