In my search for videos about the stock market on YouTube, I came across this video by Zapata George who explains a myth about the stock market and the economy...
I've always been one who is skeptical about what the news says, so what Zapata George says comes as no surprise. It is difficult to really figure out what affects the stock market because there are so many factors to think about. Economics was never a strong subject for me in college, so I can't really talk in depth about this subject.
However, I did come across this article by Arthur MacEwan titled U.S. Stock Market vs. Economy where he says:
"...Yet the market's swings are much more extreme than the ups and downs of production and corporate incomes. A good deal of the swing reflects the stock market's speculative nature; it is a huge gambling game at times driven more by the psychology of investors than by economic analysis..."
So, can we conclude that the stock market is more of a mind game than anything else?
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