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 Originally Posted by Poopadoop
So the people who have money invested in the stock market took his election as evidence that stocks would go up, and bought more stocks. Is that about the gist of it?
Yes, but the question is more about why that is the gist of it.
Stock prices represent the economy as a whole very closely. The distinction between Wall Street and Main Street that is often talked about isn't quite real. For example, if a Trump election causes a rally in Walmart stock prices, that rally is because investors think that demand for Walmart goods will go up, and that demand is about the same as what pushes up Joe and Sally's Corner Grocer too.
There are a lot of caveats to this, but that scenario is the usual and general one.
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