this reminded me of a little known issue about stock market investing- I read somewhere that the market's course is essentially not correlated to company earnings.
I think the paper's findings was that interest rates were the most important factor, but I don't remember the details.
Just funny that what seems to be the most important factor - how much money the companies are making - is a small factor is determing the direction of the stock market.
If I am remembering correctly the paper's findings.
p'raps you are not familiar with 'conversation' since you no doubt talk to very few people during your day. See, when you have something interesting, you can say it, with the hopes of stimulating a response from others who might have something equally or even MORE interesting to say. To escape being accused of making stuff up, sometimes you put in a 'qualifier' such as 'I can't remember exactly...'
For example, someone may have read that study. or chipped in citing a different study which found the GDP growth rates have zero correlation to stock market returns. (true)