Stock Market Report: Stocks Are A Waste Of Money.

http://money.cnn.com/2009/12/08/markets/markets_newyork/
Wall Street retreats
Stocks drop as global markets slip, dollar firms up and commodities slide.

I don't know.

I have always thought that reporting on the stock market gains and losses is about as useful as reporting the gambling winnings and losings at any Las Vegas casino. No matter what they report, there is no useful information that can be gained from it. Other than the casinos (brokerage houses) are the only ones that make any money.

As the sub prime market recently has shown, just because there is a market for a product, doesn't prove that the product has any real value. Or the brokerage houses care if they are selling a product that has an value. If there is no real value, then playing in the stock market is not much different than playing in Las Vegas. You may win, or you may lose, but in the long run the only one that wins is the brokerage house.

So when the government claims that the stock market is some kind of leading indicator of the economy, they are being just as truthful as when they claim that repaying bribes to the companies that elected the politicians is critical to prevent the collapse of the economy of this country.