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The stock market is just a collection of people betting on where they think things are going. The market declined 25-30% because people were predicting a downturn. Now we’re in that downturn.

The reason the market didn’t tank today is because this jobs report was already priced in.

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Stock market lost connection to "people" long time ago. It is all big funds and algos, small investors who want to manage their own money are not even visible. Quite a lot action happens in pre and after-hours as well (look at these open gaps over last couple weeks) - "regular" public cannot even get there.

You can take people to mean whatever you want. Behind those algorithms and big funds are people pulling the strings. At the end of the day the market is a reflection of where things will go.

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