https://www.nytimes.com/intera...avirus-pandemic.html

What Is the Stock Market Even for Anymore?
“With the economy in free fall, the resilience of share prices defies the misfortunes of most Americans.”

The author Michael Steinberger looks at why the stock market has risen so much in the midst of a pandemic driven economic malaise.

A piece of statistics in there caught my eyes:
“In 1997, there were roughly 7,500 publicly traded companies in the United States. That number has since fallen by half, to around 3,600 — a startling trend when you consider that the economy has more than doubled in size over the same period.”

An Alternative Point of View

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