A short conversational clip from a YouTube video (Tom Burton hosting, Scott Bessen guest) discussing why the stock market appears unconcerned about an ongoing 17-day economic shutdown. Speakers characterize market moves as minor "burps" and suggest that plentiful liquidity and a long-running bull market blunt the market's reaction.
So the economy's still shut down 17 days in.
You know, I'm not a news watcher, but the market doesn't seem to really care a whole lot about this. It just seems like the most underreported event. And maybe this is the purpose of this article, is where Scott Bessen is basically coming out and going, hey, everybody, we need to do something about this. I think the stock market has very much proved to us over the last.
Let'S just say the last five years through the ups and the downs of the economy as well as the pandemic, it doesn't care. Let me rephrase that. I think what we see is little, I'm going to call them burps in the stock market related to some of these things. But in general, I mean, how many years have we been in kind of a bull market in this setting? It's just the market is just going to do what the market does because there's so much money out there. Right.
The shutdown doesn't seem to be impacting the market. And yet I think what you said, we're on day 17 or 18. And you know, per this article. Right. It's starting to affect the US Economy.