The stock market needs to go. It doesn't create nearly as many jobs as it destroys (companies will do anything to even boost numbers temporarily. Buting out smaller businesses just to lay off workers and run the company into the ground is a legitimate tactic. And the meager amount of jobs it does create doesn't apply to the vast undereducated majority of Americans whose jobs are being decimated by the stock market. And the market has crashed five times since its creation, causing catastrophic damage. I would rather get rid of it all together than worry about it destroying my country's evonomy for me or my children.
Do you think corporations would function any differently if they were private? Now if all corporations were state owned THEN they might not have to worry so much about profitability but that sounds more like communism than anything else. In fact the stock market is one of the only ways that a regular joe can get his piece of the pie that is big international corporations.
From what I have read, it seems to be valued fairly. There are always financial writers who will say one thing, and financial writers who will say another. But at the end of the day, they are writers and need something to write about. It's called job security.
You picked a helluva board to join if you hate the stock market. Publicly traded companies are subject to far more rules and regulations than those who are not publicly traded. The stock market is the best way for ordinary people to build wealth for themselves over the long term.
Yeah, it's vastly over valued. The fed has pumped lots of money into the economy by giving it to banks which then gave it to investment funds or invested the money directly themselves which has resulted in greatly inflated prices on the stock market.
