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by svachalek 1486 days ago
I think there's a subtle bit that a lot of people don't see about the stock market, that it's trading dollars for bits of companies. This says something about the value of those companies, but also about the value of dollars. I think a lot of what we've seen over the past two years makes little sense if you think about it in terms of the value of American companies, but from the perspective of the value of a dollar (to those who have easy access to them) it's all a lot more logical.