the market used to be a direct link to the economy, if one was good so was the other and the same could be said if it was the opposite. Overtime they have found ways of manipulating it to stay a float despite the condition of the economy.
x2...as long as the data showed that houses were selling the stock market climbed higher and higher so the folks in the know who had a lot of money tied in the stock market could continue to make money. People were buying houses who could not afford them but it didn't matter as long as others were making money...The truth would have to come out when these folks couldn't make the mortgage payments. Other stock market gurus made money as the stock prices fell when the market fell.
wall street is full of lies and they are taking some of our hard earned 401k money as well.
