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The stock market and the working stiff rarely are on the same page and today's nearly

700-point decline in the Dow, capping its worst week in two years, comes partly because workers finally -- finally -- started getting a piece of the pie.

There's just too much good news to keep them happy, a testament to the fact that the stock market is 

The U.S. economy added 200,000 jobs in January, according to the Bureau of Labor Statistics. Economists predicted 180,000. That's good. Except for the stock market.

Wages, which we've been told for nearly 10 years would eventually have to start rising, actually went up  2.9 percent on an annualized basis.  Good news?  Maybe if you work for a living.  That's the biggest spike in earnings since 2009.

"I think the market is now thinking of the possibility that the Fed could raise rates four times this year rather than three,"  James Ragan, director of individual investor group research at D.A. Davidson, tells 

In any event, it doesn't make much sense to try to make sense of Wall Street so long as it appears that good is bad and bad is good.

Not that people won't try, of course, even if the economy is too complex to make simple political proclamations.

Besides, in the big scheme of things, the market hasn't moved 

 much.  The Dow is back to where it was on January 10th.

Marketplace's Kai Ryssdal tried to temper our enthusiasm when the administration was claiming exclusive credit for the bull market a year ago 

So Ryssdal could be forgiven today when he said, "I told you so."

https://twitter.com/kairyssdal/status/959530761119395840

NewsCut

Bob Collins

Author

The stock market and the working stiff rarely are on the same page and today's nearly 600-point decline in the Dow, capping its worst week in two years, comes because workers finally -- finally -- started getting a piece of the pie.

Investors hate that.

A harsh reminder: The stock market is not the economy

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