Check this out.
That's the sound of the rich getting richer, while the rest of us pray we can pay the bills next month.
The stock market is an interesting artifact. Once upon a time it had a purpose. It was a pool of capital available to be tapped by business folks with ventures that needed funding. That was then. Now it's something else.
Now it's mainly a playground for guys (and they're pretty much always guys) with advanced math degrees to test out their latest computer-trading algorithms. The guys on the losing end of these battles walk away with millions. The winners - hundreds of millions. Nothing these guys do has any direct bearing on the real economy.
That's the economy wherein real people do real things. Haircuts, heart transplants, plumbing repairs... real stuff that you actually need.
The fact that the stock market can soar, while the real people doing real work are hurting, just demonstrates the irrelevance of the stock market.
So why does it get so much attention in our billionaire-owned news media?
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