SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H The economic numbers look bleak, but the stock market is strangely optimistic... Has it lost touch with reality? Two Cents on FB: https://www.facebook.com/TwoCentsPBS Two Cents on Twitter: @twocentspbs Email us: [email protected] sources: Thaler, Richard H.. Misbehaving: The Making of Behavioral Economics. W. W. Norton & Company. https://www.nytimes.com/2020/04/30/opinion/economy-stock-market-coronavirus.html https://www.longtermtrends.net/market-cap-to-gdp/ https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://onlinelibrary.wiley.com/doi/abs/10.1111/1540-6261.00556 https://en.wikipedia.org/wiki/Black_Monday_(1987) https://www.cnbc.com/2020/04/25/making-sense-of-a-stock-market-just-16percent-off-its-high-while-a-pandemic-costs-26-million-jobs.html https://www.vox.com/covid-19-coronavirus-economy-recession-stock-market/2020/5/6/21248069/stock-market-economy-federal-reserve-jerome-powell https://www.washingtonpost.com/business/2020/05/09/one-chart-shows-how-stock-market-is-completely-decoupled-labor-market/ https://www.investopedia.com/terms/m/marketcapgdp.asp https://smallbusiness.chron.com/emotional-theory-stock-market-1815.html https://www.investopedia.com/articles/01/030701.asp https://blog.oup.com/2020/03/how-emotions-affect-the-stock-market/ -- Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions. Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson Directors: Katie Graham & Andrew Matthews Written by: Philip Olson, CFP® and Julia Lorenz-Olson Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Andrew Matthews Images by: Shutterstock Music by: APM