Historically the stock market has always been a reflection of the face of the economy. The strength of jobs, production, ingenuity, and increasing wages has always shown up in a rising market. The assuredness of an educational system that produced a better tomorrow for its graduates and in so doing continued the cycle of household formations, home sales, children raised and communities strengthened by the knowledge that its tax base was alive and well. All of this was reflected in a stock market that was a part of the American way of life. Owning a piece of America by owning stock was not only good for the country but also good for investors.
There was a time that you bought a stock because the product was good, the management sound, the business plan made sense and the return on your investment could, over time, be better than average.
Well, not so today!….