U.S. companies were hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war.
Stocks aren’t real resources, they are imaginary potential resources. Stocks market fluctuations are important only as long as people think they are. Like a king who is a king only because his subjects consider him a king.
Some stock have value because the company is profitable, solid and is making money. I am no investor but Coca Cola I would imagine fit the description.
Stocks aren’t real resources, they are imaginary potential resources. Stocks market fluctuations are important only as long as people think they are. Like a king who is a king only because his subjects consider him a king.
Tell that to the people living on automatic withdrawals from their IRA accounts 🙄
Some stock have value because the company is profitable, solid and is making money. I am no investor but Coca Cola I would imagine fit the description.
The same is true for fiat currency.
Anyone too dumb to know how stocks work probably thinks you’re talking about the car
Oh, so my 401k losing money isn’t real? Damn, that’s a relief.
Neither are money, but we’re still not a communist society so we still consider it one.
If you want stocks to not be important, phase out public companies.