@NotDerekEstes IMO depends on the semantics around "economy". Market is a leading indicator of the economy, because economy drives earnings and market is priced on future earnings. It's not 1:1 bc multiple expansion can drive values more than earnings, which we've seen over the last few years.
@NotDerekEstes I disagree. The market reacts to the valuation of the future earnings of the companies trading within it. Consumer spending drives 70% of GDP, and therefore drives a huge proportion of those earnings. Unemployment inherently impacts market valuations.
@NotDerekEstes I mean we've also had some historic down days in the past month, there were a few forecasts predicting a 3M number this week. It's not unprecedented. My only point is that it's not as simple as bad news = market up.
@NotDerekEstes 😂 Reading it in context it's actually pretty funny. Ironically, this totally misleading headline might actually have the effect of swinging votes to Cruz lol.
Lessons from the behind the scenes believers:
1) They don’t wait to be asked to serve.
2) They genuinely love the Lord.
3) They don’t crave thanks or praise.