I don't disagree with any of the Stock Market OP's that I've seen. I very much appreciate her doing that. So there is no reason at all for me to post a daily counter thread.
Its the occasional nonsensical comment about how its a ponzi scheme or crapshoot that I have and will react to every time. Especially when they are harmful to the long-term financial well being of my fellow progressives. And when it is laughing at the misfortunes of others including our investing fellow progressives. And it makes us DU investors out to be fools because only a fool would invest in a ponzi scheme or wager their retirement security on a "crapshoot". So I'm going to react to that too.
Such as post #3 above. and links in it like.
https://www.democraticunderground.com/111694222#post5
As I said in #5 above:
When a regular person loses half their savings, it sometimes means they can't retire when they planned to. Or there's not enough money for higher education for the children. Or themselves. Or they can't afford some earnings downtime as they pursue a different career or other goals, for example.
Also, sustained stock market declines adversely affect consumer and business confidence, resulting in a reduction in spending with ripple effects throughout the economy, causing slowdowns, reduced hiring, and sometimes recessions, that affect all people, hurting those with the least the most.
The stock market is a leading indicator. All recessions that I've looked at began with a severe stock market downturn several months before the GDP and employment downturns began. Similarly, most or all economic recoveries were preceded by stock market upturns.
I don't give a fat whoop how long anyone has posting whatever here.
I don't have to write a daily thread in order to reply to a comment about the markets. You will just have to live with that, I'm afraid.
= new reply since forum marked as read