Despite your incessant rants and barbs calling Doc an intern. Doc is here to say that he is older than you and lived through the times you mention. Doc was born in 1960! Doc has lived in a few parts of the world - northern and southern hemispheres - and experienced many economic ups and downs
GDP is productivity, end of. And you are correct the sharemarket is not GDP in the short run but it certainly is GDP in the long haul.
Markets oscillate around GDP, which makes perfect sense since profits are what drives share prices and GDP is inextricably linked to profits.
