Goldman Stunned by Op-Ed Loses $2.2 Billion

[Brettongarcia]

18. The problem with the free market, the stock market: it is all psychology; "panic" and "depression"

Our allegedly free, capitalistic stock market is highly touted. But? Our system, especially the free stock market, is not as rational or as good, as people thought.

Especially, the core of our whole economy, is dominated not by Reason, but by fickle Psychology. It is literally at risk everyday, from the whims of uninformed, emotional buys and sellers.

That, I submit, is a fundamental problem with Capitalism, and with the Stock Market.

Especially when all our retirement money was handed over to the stock market, in 401 K's etc.? Then huge, gigantic amounts of dumb money were dumped on the market. Guaranteeing that our economy would be even more emotional, fickle, and "irrationally exhuberant." Until our "bubble" burst. While any lessons that might have been learned, are remembered for only a very short time. And then the market is back up and down, again.