Americans are googling the Dow -- here's why that could spell trouble

[ck4829]

Main Street is paying attention to Wall Street — and that should make investors nervous.

Nicholas Colas, co-founder of DataTrek Research, observed on Aug. 8 that Google searches for “dow jones” were higher than they were in May, when the blue-chip Dow Jones Industrial Average DJIA, +1.00% retreated 6.7% and the S&P 500 index SPX, +0.65% suffered a 6.6% decline due to a flare-up in U.S.-China tensions over trade policy. Through Monday, the Dow was down 3.6% this month, while the S&P 500 was down 3.4%.

In a Tuesday note, he wrote that Google searches for “dow jones” for the week of Aug. 11-17, the last full week of data, are up 28% from the peak May week (see chart below).

The main take-away from the current search interest, he said, is that even if average Americans don’t own equities, they know that volatile stock markets signal the potential for job losses and even recession.

https://www.marketwatch.com/story/americans-are-googling-dow-jones-and-that-could-spell-trouble-for-the-stock-market-2019-08-27

Uh oh, if Americans coming to the realization that the Dow is "all a bunch of crazy pants people who don't know what they're doing" could be a sign of a recession then we're in trouble.

[Brother Buzz]

1. A bunch of crazy pants people? Fat Cats make money when the market goes up OR down.

To them it's just a cash cow money making scam.

When Joe-six-pack learns the deck is stacked against them and stops playing the game, the balloon will go up.