He rich get richer and the poor develop unhealthy coping mechanisms..
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I’m not rich by any means. But, my retirement 401k is doing better. You don’t have to be rich to want the country to be economically well. It benefits EVERYONE
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The markets are forward looking. Most recent example is how they rose while the 'experts' were predicting 8 million job losses in the latest quarter--but there were 2 million that went back to work. Markets are saying as strong recovery later this year.
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The housing market near me is crazy. Homes on the market for an hour
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The market is optimistic and looks to the future. ABC should also...
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The market is bogus
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it might still a lot of people who love the delusional economic and living in fantasy
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Zombie stock market
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I attribute this to the great spirit of my fellow countrymen. While markets escape my 18th century understanding, what I do understand is the can do attitude of my people. Their contagious enthusiasm for progress and the American Way
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Upshot: stock market hasn’t crashed because people with enough cash to invest don’t have anywhere else to go so they aren’t pulling out. Even those that know they’ll likely lose some value as some businesses collapse they’re betting on diversification softening the impact.
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