Dow is rising like a rocket? Let's ask Iraqis in refugee camps what that meant for them.

[ck4829]

Back from 2003...

Stocks jumped on Monday, pushing the blue-chip Dow up 8 percent since the rally began last week, as investors bet a U.S.-led military strike on Iraq would be swift and decisive. President George W. Bush will issue an ultimatum to Saddam Hussein on Monday night that the Iraqi president step down or face war, the White House said. Wall Street believes war would end quickly and leave the U.S. economy relatively unscathed.

http://wardsauto.com/us-stocks-rally-investors-see-quick-iraqi-war

Swift and decisive, eh?

The Dow is no oracle.

[Zoonart]

1. Where have we heard that before?...

"It'll be over in six weeks... six months at the most".

[panader0]

2. From an NPR article: 80% of Americans owned just 8% of all stocks

"Combine the uneven ownership rates and ownership amounts, and the total inequality in the stock market is astounding. As of 2013, the top 1 percent of households by wealth owned nearly 38 percent of all stock shares, according to research by New York University economist Edward Wolff.

Indeed, nearly all of the stock ownership in the U.S. is concentrated among the richest. According to Wolff's data, the top 20 percent of Americans owned 92 percent of the stocks in 2013.

Put another way: Eighty percent of Americans together owned just 8 percent of all stocks."

So the stock market surge really only helps the rich, especially the very rich.
link:


http://www.npr.org/2017/03/01/517975766/while-trump-touts-stock-market-many-americans-left-out-of-the-conversation