The stock market is completely rigged! The Dow, S&P 500 and NASDAQ are completely different sets of stocks. In a truly free market where stocks are traded on fundamentals, there will be absolutely no correlation between these three. But in our rigged world, they move like synchronous swimming competition in the Olympics. Here is a chart from today:
Can this be a one-time rigging? Here are two charts – performances of these indices for the last 3 months and 5 years – that should put that optimism to rest:
Good luck to those people who keep investing, especially long term in 401K, IRA etc. You are just handing over your money to the crooks!