Ok, I don't usually get involved in the non-football topics (and this will be my last for a while), but with regards to the stock market...
1. The market is not the economy. Stock prices going up does not mean companies are doing well, nor is the opposite is true. My company's profit has had 20+% growth for the year, yet our stock price is down about $100/share.
2. The last time I had steady growth was during the Obama years. It's been pretty erratic since. Part of it had to do with something called COVID-19.
3. While the DJIA or S&P are selectively picked stocks, the entire market generally tracks with them, unless something is known to be very problematic with a particular company. My personal portfolio is tied more closely to NASDAQ composite movement, even if all of the stocks or funds are not included in it. It's a game of perception as much as anything else.
4. People still day-trade and I get that. But, people also go to Vegas in droves. Someone above said it before, but the market is just legalized gambling.
5. If people look at the market in terms of the long-term, then it's not always bad for there to be drops from time to time. If the market only went up, then your purchasing power decreases with each passing year. A drop here and there can position you for higher returns once the market returns to normal.
6. People panic sometimes over the market, but always seem to forget that we've had drops or uncertainty before... a lot. This recent drop is not the outlier. The steady growth we've had for the previous decade is. As I state in #5 above, some of the good times are actually a result of it. But, if you treat the market like #4, then you're not reading the disclaimers close enough.
7. All of these daily reports on the stock movements make me shake my head. "Stocks drop over concerns of Chinese protests" and "The market drives upward in anticipation of a good jobs report". Um, no. Stocks went down because more people sold them than bought them. Stocks went up because more people bought. That's it. One or two days after the 'Chinese protests', the market went up 2%. What, did the investors get over their protest concerns? Most people probably didn't even know that protests were happening. "Momentum of 5 straight growth days are lost when concerns over political uncertainty"... no, people sold to take home the profits of those 5 days. Then, after they cause a panic of a sell-off, they buy back to drive the prices up again. Rinse and repeat.
8. There are a lot of ways companies can manipulate stock prices, such as buybacks to reduce public inventory. Some reports indicate that many CEOs pay is based on the stock returns, rather than actual profit.
9. We live in a global economy and ours is better than just about every other industrialized country.
With regards to gas prices...
1. One of the main reasons the costs were so low two years ago was that a lot of people weren't driving (again, COVID). This drove down demand, while supply remained steady. Basic economics suggests that prices will drop as a result.
2. Trump literally got the Saudis to produce less oil as a result of #1. (https://www.politico.com/news/2020/04/02/trump-calls-on-russia-and-saudi-arabia-to-cut-oil-production-161368). Make sure part of the blame is positioned correctly.
3. The Keystone XL pipeline was for Canadian tar oil, not our own, for exporting. It would not have impacted our gas supply.
4. Gas companies (and many others) have experienced massive profit windfalls during these price hikes. When the MLB artificially kept salaries down for profits, they got sued for collusion. If the entire gas industry does it, I guess we call it 'free market'.
5. Russia's invasion of Ukraine has had two major energy effects: a) the total supply of oil has decreased, which drives up costs; and b) accelerated the move towards renewable energy sources, which should eventually drive down costs (including those for healthcare).