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Metaphorical

(2,642 posts)
5. The invisible hand isn't always an abstraction
Tue Apr 7, 2026, 11:42 AM
Tuesday

The markets have been manipulated for a long time now. The market can climb as much as it wants, but there will always be breakers to keep the market from falling, even stop trading if it looks like it may go into a catastrophic rout. That bias means that on average the market will rise over time even if no value is actually being generated, and will make companies who are part of those indexes more valuable on paper than they actually are. Couple that with overt market manipulation (which I have no doubt is being done), and you have a recipe for a market that has indexes with no connection to reality, which is where we are now.

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