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Wonderful news, always glad to hear that the wealthiest in this country continue to do well at everyone else's expense.

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You mean people like teachers and fire fighters who have stock-based retirement accounts they contribute part of their paycheck to each month?

Yes, I'm certain hedge funds and CEOs are happy for teachers lol

No one is prevented from investing

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So basically, economists are like weather forecasters. They can only explain an event after it happens. They have no predictive power at all.

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People who's entire paycheck go to rent and groceries are effectively prevented from investing.

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The only teacher in my school who had a portfolio was the art teacher. And she just kept drawings in it.

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While they do that, this isn't that.

You can also invest, get some money out of it, assuming your income isn't entirely required to survive.

This is true, and, the stock market is a leading indicator, it represents people's beliefs and feelings about the near future. All last year everyone thought the near future was going to be terrible. Today, they think they near future might not be so bad. This seems to have changed almost exactly at the end of the year.

Economists forecast GDP and inflation rates.

Market analysts, institutional investors forecast how markets may perform. The debt ceiling will have an impact on the markets. If it isn't raised it will be bad for markets, if it is raised it will be good.

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An economist will tell you tomorrow why what they predicted yesterday didn't happen today.

Yep, and the market will dip on the fear that we won't raise the debt ceiling. Which will never actually not happen.

And the dip will be quick and recovery slow

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It's a state pension fund. smh

Yeah,I'm not paying over a 18x earnings multiple. Too expensive.

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Not just the wealthy are invested in the stock market

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And if it gets close they can just strike a few trillion dollar coins and pay themselves.

Dude… if economists actually knew shit about the economy, they would all be filthy rich.

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It represents wealthy people who owns most of the shares and firms. (Those with a bunch of capital) thr common man is as far removed as the moon is to earth

89% of the US equities market is owned by the wealthiest 10% of households. The bottom 90% share just 11%.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

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Wasn't that the point in the first place. A rise in interest only hurts the little guy.

Can't wait for my no penalty CD rate at Ally to go up.

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You can buy stocks with an extra $5. If you are in a 401k plan at work, you're buying stocks. I think you're being a little dramatic.

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What’s your point? Economists don’t forecast stock markets, they forecast… economies.

If the market goes up due to a rate hike, it’s probably because the futures market was pricing in a higher hike than what actually happened. If you look at the rate hikes for 2022-2023 this hike is the lowest since March compared with an average hike between 50-75bp.

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Those are comparing apples to oranges let's be real

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More like an apple to an orange farm.

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You think someone who's invested $5 and owns 0.000001% of company has any power compared to someone who's invested $100,000,000 and owns 2% of a company? It is the Uber wealthy who've invested much larger amounts into companies who have sway and influence.

I'm honestly trying to figure out what people are complaining about.

You can invest $100 in Amazon and watch it turn into $200 over time so you earned $100 by doing nothing but taking some risk. No, you don't have any influence over the company, but so what?

If there is some idea that only rich people can invest in stocks that is not true. You can invest an amount that is small by market standards but significant to your wealth and make a difference in your finances.