system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: the stock market had become a bastardization of what it was meant to be. It is now a system of malicious financial slight-of-hand to benefit the wealthy and does more harm than good to the average U.S. citizen.

Over the last few weeks, we’ve seen a tumultuous stock market responding to the shockwaves of recent events. For a few weeks it had sharply declined due to multiple factors, and now for the past 3 days it’s been rallying despite little change to the events that precipitated the drop in the first place.

The rise in the market today has continued despite 3.3 million claims for unemployment. Investors aren’t concerned and don’t care about the number of people getting run into the ground as long as the rich keep getting richer. Investors will turn a blind eye to any problems in the world for as long as they can get away with it and only respond when market reaction is unavoidable.

Even as someone with a retirement plan which relies on stock market, I’m more horrified, angered, and disillusioned that stocks can be doing well right now when we’re suffering so much as a nation.
gpt
> The rise in the market today has continued despite 3.3 million claims for unemployment. Investors aren’t concerned and don’t care about the number of people getting run into the ground

Thats the wrong message to take.  The stock market goes down when *expectations* revise for the worse.  The 3.3 million numbers was high, but investors were expecting it to be high.  Yes, it turned out much higher than some people were predicting 3 weeks ago.  But unless it was higher than people were expecting yesterday, the price isn't going to change from yesterday to today based on this news.  In fact, this tragic news could actually make stocks go up if investors thought the jobless numbers were going to be even worse than they turned out to be.

And a lot of this news is countered by the stimulus package that was just passed, which again, only really changes the price when it differs from expectations because the expected stimulus package was already built into the stock prices, so when the final version was released, how that differed from expectation is what is going to impact stock prices.

Yes the DOW has rallied a bit from its low of 18,500 on March 23rd to the 22,000 today, but it is still WAY down from the 29,000 it was in February.  The stock market isn't "doing well right now".

Also keep in mind that the stock market is a reflection of all future earnings.  Yes, this year is absolutely going to suck, and we'll probably be digging ourselves out of this for a while to come, but that doesn't mean we should discount the entire future of these companies earnings.

This is an extremely volatile time.  The stock market is a prediction of the future and at this moment we're incredibly uncertain about what the future is going to look like.  So you should expect further volatility, which includes some more drops and some more rallies and just lots of movement in general, but unless it starts getting worse than expected its not going to continue to go down because some of what is happening now is in line with how this virus is expected to play out at this point.

EDIT: There has been some good news lately too, such as the low mutation rate, which has the potential to really impact what the next 5 years is going to look like.