Global Stock Markets Don’t Care What Happens on Planet Earth
During the worst possible combination of events worldwide, stock markets are at an all-time high. A pandemic with no control in sight dominates the headlines, the final chapter of an American presidency brings anarchy and mob destruction to the halls of the U.S. Congress, major international corporations go bankrupt at unprecedented levels and 40% of employable job-seekers are out on the street…
…but the Dow Jones industrials are setting records
Fact of the matter is, if you have the coins and like to play the slots you’re unlikely to care if the streets are aflame in an America you broke away from. Oh you might live here but for all accounts and purposes you’re from another planet.
That’s what it means to be a member of the 10 percent. You belong to a segment of society whose income is such that it withstands all outside threats and you play the market like a ten-year-old plays video games.
If it goes down, sell short. Any bet is a winner
My point is not to rail against those who have i…