Why stock markets are high?
Greetings friends!
It is evident that world economy is under pressure. Banks and financial organisations have reduced income and money in their pockets but stock market is going up and up. As you can see in the above chart that the US Dow Jones is at its one time high level. India's stock markets are also near to its all time high despite being down since a few days. What is this suggesting?
Economy of most of the countries are not creating fresh jobs. AI is taking jobs of lots of people and loan defaults are increasing. But stock markets is high, gold price is high and even crypto market is high. This means big players are manipulating all the markets. They are pumping money in a few shares which have higher weightage on stock indices. So, big players are siphoning money from ordinary people and accumulating wealth. This is a clear sign that economy may go down in a few years. What do you think?
oOoOO thx 4 sharing
@rahamperycontre tell us your opinion!?
I agree with the point that AI is leaving a large part of the population unemployed, which translates into less work and less income for families. This could lead to a credit crisis, causing economic problems as familie's consumer spending decreases. And yes, in times of crisis, we all accumulate hedging assets like gold, and many currently hold Bitcoin because it's considered almost equivalent to gold, although it's much more volatile, of course. So, the possibility of a global crisis is quite real, as unemployment and reduced family incomes are more than likely.
Pumping and dumping is not a new thing in markets. But AI stocks are high this time. experts are saying that AI bubble may burst like the dot com bubble of 2000s. !LADY, !LOL, !MEME, !PIZZA
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This disconnect could increase more into the future. The real economy keeps getting worse whilst the digital one keeps growing fueled by a few stocks, concentrated on AI.
Stocks are up because people are easily fooled.
Give me your money and I will give you more money later?
Seriously?
In today's day and age?
Smdh.