Nicholas Grossman
1 min readDec 6, 2018

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Thanks, that’s nice of you to say.

The stock market is based on algorithms’ really short-term expectations about traders’ short-term expectations about investors’ mid-term expectations about other investors’ expectations about the economy. It relates to underlying economic reality, but only in part.

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Nicholas Grossman
Nicholas Grossman

Written by Nicholas Grossman

Senior Editor at Arc Digital. Poli Sci prof (IR) at U. Illinois. Author of “Drones and Terrorism.” Politics, national security, and occasional nerdery.

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