Totally out of my field here, but is it possible the stock market doesn’t actually track the economy anymore? Stocks don’t pay dividends that often nowadays; it doesn’t seem to be so much an investment as a guess about where other people think the price is going to go. I mean, what does Bitcoin track, or the price of art? It almost seems arbitrary.
Since big companies can raise capital with really low interest rates... isn't the stock market basically a big Casino game? Name of the game is to guess what everybody else is gonna do and come out ahead. Most are just investing for a return. Seems pointless.
"Anymore"... It never really did. The two are correlated somewhat, but there has always been a great variance within that correlation, and it is no different now.
