When you're right, you're right.
A couple of caveats here: Firstly, "the economy" and the stock markets are not the same thing. Stocks are jumping by leaps and bounds, but this isn't going to help struggling families pay their bills. Rent and tuition continue to spike, and wages continue...
Best answer: When you're right, you're right.
A couple of caveats here: Firstly, "the economy" and the stock markets are not the same thing. Stocks are jumping by leaps and bounds, but this isn't going to help struggling families pay their bills. Rent and tuition continue to spike, and wages continue to stagnate. Some good news is better than none, but I can't pretend that the stock market surge has solved any day-to-day issues in this country.
Secondly, the stock surge is largely due to the tax deal passed by Republicans. This gave buckets of money to corporations and the wealthy. The corporations are using much of this projected windfall to buy back shares of their own stock. This is a clever trick. When a company buys and holds a significant portion of their shares, the supply of shares available becomes more scarce, which drives prices upward. Investors see the stock gaining value, and demand for the stock rises. With increased demand and decreased availability, the stocks will soar.
The company that bought its own shares back (or a private investor which is doing the same thing) then gradually sells of shares at the higher market price. This is done slowly, so that the market is not flooded with available shares, and the price remains artificially high. Eventually, companies and large investors may dump a large quantity of stock into the market. This greatly increases the supply, and is also generally viewed by investors as a sign of trouble. Prices plunge, and other investors dump their stocks to avoid further losses. Then, the original corporation or major investor buys their shares and others at the low market price and repeats the cycle. This is known as a wash trade.
In reality, we're all getting screwed. Market manipulation aside, giving $1.5T to corporations and investors from the tax coffers will of course cause stocks to rise. Think about how high they might get if we gave rich people ALL the money! That really doesn't help people like you and I, though, does it? Your 401k probably looks pretty good right now, but YOU'RE paying for that. The GOP is giving your tax dollars to corporations, so it's really not a surprise those corporations have more money now.