Wall Street is not economic barometer

With the wide swings in the stock market over the past few weeks, I am more sure that it is not reality. Most financial advisers, if not all, say to hold your investments. So who is doing all the selling and buying - brokers getting commissions for selling and buying and computers programmed to buy and sell if the stock price changes by 1 cent These are not investors.

One day the market goes down 2000 points, are we to believe these companies long term continuation is now in trouble only for the market to go up 1000 points the next day. Are these companies all of a sudden well?

If the price of GM goes up 50 cents, does that mean they will hire more employees or build more cars - of course not. The 50 cents goes to the brokers who sold and bought the stock with any leftover to the stock holder.

Wall Street should not be used to determine our economy.

Greg Stimpson

Wood Dale