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31. just so you know, who exactly do you think will win if the stock market really craters?

Fri Feb 9, 2018, 06:07 PM

Feb 2018

the rich people who still have money either because they got our quickly or because they have other valuable assets will come in and scoop everything up at fire sale prices.

stock market crashes burn *some* of the the rich people, then the other rich people feed on the carcasses. in other words, it actually just adds to the concentration of wealth problem.

meanwhile, it's quite painful for many other people as businesses lay people off and retirement plans get crushed.

is the stock market a rich man's game? sure, fine.
is the stock market a rigged system? ok, i'll even buy that to some extent.

but you're rooting for something that only makes things even worse.

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dow up 500. [View all] unblock Feb 2018 OP

Now only 360. Incredibly volatile. Roland99 Feb 2018 #1

Not really. Those look like large numbers but PoindexterOglethorpe Feb 2018 #34

I hope it crashes bathroommonkey76 Feb 2018 #2

if you shorted the market, congrats. unblock Feb 2018 #4

The stock market is a gamble for anyone bathroommonkey76 Feb 2018 #8

Most people who are employed have a 401k MichMary Feb 2018 #12

That isn't true. bathroommonkey76 Feb 2018 #14

Oh, well, in that case I guess it's okay MichMary Feb 2018 #17

Naw, lady bathroommonkey76 Feb 2018 #18

Yeah, my parents didn't believe in the stock market MichMary Feb 2018 #21

My parent's didn't believe in the stock market either bathroommonkey76 Feb 2018 #22

Nope. I always say MichMary Feb 2018 #25

ha! my mother always says her goal is to die penniless! unblock Feb 2018 #32

32% have 401ks..... panader0 Feb 2018 #30

I'm curious -- do you also hope that unemployment soars onenote Feb 2018 #7

There are also millions of Americans who aren't invested in the stock market bathroommonkey76 Feb 2018 #11

Oh, good grief. MichMary Feb 2018 #13

That's a polite version of my reaction.... onenote Feb 2018 #20

Here in the deep south we'd say, "Bless his heart." Hortensis Feb 2018 #58

We get it. Downtown Hound Feb 2018 #23

Keep punching at the air, Cheech bathroommonkey76 Feb 2018 #24

just so you know, who exactly do you think will win if the stock market really craters? unblock Feb 2018 #31

My grandmother lived through the Great Depression. bathroommonkey76 Feb 2018 #36

Every point you made is valid (well most of them) Downtown Hound Feb 2018 #41

Your assumptions about me are about as wrong as your avatar bathroommonkey76 Feb 2018 #44

My avatar? LOL. Downtown Hound Feb 2018 #50

maybe not as many retirement plans would be getting crushed standingtall Feb 2018 #37

This is so fuckin true. +10000000000000000000000000 bathroommonkey76 Feb 2018 #39

Probably true. And also irrelevant. Downtown Hound Feb 2018 #40

Not wishing them ruin but cheerleading a bad system is not standingtall Feb 2018 #42

Not wanting it to crash and cause mass suffering is not the same thing as rooting for it. n/t Downtown Hound Feb 2018 #43

The stock market is a big casino standingtall Feb 2018 #47

And if and when it does Downtown Hound Feb 2018 #52

I get it standingtall Feb 2018 #54

The answer isn't hoping for or celebrating a crash. Downtown Hound Feb 2018 #57

There are plenty of rich people with wealth far in excess of any puny retirement plan they have. unblock Feb 2018 #45

Exactly like I said big casino standingtall Feb 2018 #49

Pension plans. How nice. BeyondGeography Feb 2018 #46

Some people were absolutely conned standingtall Feb 2018 #48

Ah, nostalgia BeyondGeography Feb 2018 #51

some times nostalgia is a good thing standingtall Feb 2018 #53

Many people still have pension plans. n/t MarcA Feb 2018 #55

Just how common are defined benefit plans? BeyondGeography Feb 2018 #56

LOL. I actually don't own any stock. Downtown Hound Feb 2018 #38

This message was self-deleted by its author Skittles Feb 2018 #27

. NCTraveler Feb 2018 #28

I heard a hedge fund owner who cashed in his "shorts" today describe these ups and downs... yallerdawg Feb 2018 #3

there are indeed a good number of technical signals that suggest this is a turning point. unblock Feb 2018 #5

I hope this is just a bump in the road. yallerdawg Feb 2018 #9

donnie's turning the presidency into a joke has not yet caused that kind of damage. unblock Feb 2018 #10

When our low wages can't buy us cheap goods anymore... yallerdawg Feb 2018 #16

The wild intraday swings don't suggest stabilization to me Awsi Dooger Feb 2018 #6

this was a good upswing. i'm not suggesting the wild intraday swings will go away quickly. unblock Feb 2018 #15

it really has been something to behold NRaleighLiberal Feb 2018 #19

Time to toggle from "blame the black guy" mode. lpbk2713 Feb 2018 #26

I am calling it, the Dow will level off at 22,000 XRubicon Feb 2018 #29

get back out there and sell! sell! sell! unblock Feb 2018 #33

This sort of thing happens to me all the time XRubicon Feb 2018 #35