[hurricanetc]

The stock market is just a collection of people betting on where they think things are going. The market declined 25-30% because people were predicting a downturn. Now we’re in that downturn.

The reason the market didn’t tank today is because this jobs report was already priced in.

[tandr]

Stock market lost connection to "people" long time ago. It is all big funds and algos, small investors who want to manage their own money are not even visible. Quite a lot action happens in pre and after-hours as well (look at these open gaps over last couple weeks) - "regular" public cannot even get there.

[hurricanetc]

You can take people to mean whatever you want. Behind those algorithms and big funds are people pulling the strings. At the end of the day the market is a reflection of where things will go.