I really believe that you cannot use the stock market as a proxy for the economy.
Sentiment: NEGATIVE
We should not have the U.S. government buying stock in American industries - the financial industry or any other industry.
Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
I don't give a damn about the stock market. But I do care about jobs.
My claim is that we do not have a market economy, but a capitalist economy.
A lot of the money in the stock market is really our national retirement plan, for better or worse.
Well, you can, but tell you this, that when you've got an economy that is growing at 4.9% it is the fastest growth over the last 12 months we've seen in 20 years.
But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose.
You can't change the market; the market just is.
One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.