The Stock Market's Relevance

I am sure this post will only illustrate my overly simplistic look at things...but here's my deal...

The stock market is no longer a relevant indicator of the overall economic well being of our country. We ALLOW it to hold sway over us thanks to an engrained belief that the stock market represents money invested in our nation's industrial engine. It was just that. A place for those with money to invest in business ventures with the expectation that this money would be used to drive forward that business and therefore the drive the economy and ultimately provide a return to the investor too.

That no longer applies. The stock market is nothing more than a corrupt financial tool abused by the rich and the big banks or brokerages for their own devices. Just look at these lemmings on a day to day basis. Take last week. Everyone knew that Exxon was going to report lower profits, everyone knew Chrysler was destined for bankruptcy. Yet when these announcements came out every worthless market lemming started running off the cliff selling off like this was some sort of surprise causing a near 200 point run down. Its an embarrassment and I am sick of the whole thing.