Those interested in the markets may find the link below interesting. May also explain why the markets do not necessarily reflect the economy and in some ways, the other way too i.e. the markets do broadly reflect the economy. Folks who think I am spouting nonsense, may be right, but I do think that the markets are often divorced from reality (explanations for a market's movements are best found after the fact); and that professional traders make money on volumes and transactions regardless of whether the markets go up or down while the average investor cannot know whether they will have a profit or a loss despite their often inflated opinion of their stock picking ability. I have time and again seen, especially in the case of Alpha types, that if they get something right, they attribute it to their intelligence, and when they are wrong, they keep quiet about it or will find some external factor to blame!

https://www.theatlantic.com/ideas/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/?utm_source=fbb
No comments:
Post a Comment