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JovialLagran comments
Posted in: Asian stocks sink after Wall St losses on economy worries See in context
At a time when the American economy is in a nose dive, it makes no sense for stock market valuations to be as high as they are.
Yeah it does, the stock market is based around expected profit. Tech companies, especially Amazon, Google, Netflix, etc. are seeing massive returns because everyone is relying on them. That and government assistance, gives hope to the rich people investing that this may turn around yet.
The stock market isn't really a good indicator of overall economic health. Only of what investors think is good.
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