Are stock market profit expectations mostly long term? Stock markets have been wrong before.

Besides that, the U.S. stock market went up over several decades while manufacturing capabilities were transferred overseas. That has had, and will continue to have, domestic ramifications that might not be captured by investor profits.

The stock market has been going up for a couple hundred years. When do you expect the pervasive short term thinking will crater the economy?

> as stock prices are based on expectations of future profits.

I thought stock prices were based one what I thought I could sell it for next week.

If you could sell it for more next week, that means the next week buyers are expecting higher profits.

No, it just means they're expecting someone else to buy it from them at a higher price. See also: bitcoin.

Bitcoin is not a company selling a product.