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Tell that to those Americans who KNOW how to handle their finances.
The “Lie Bubble”....
The Last Bubble to Burst....
Wall Street is rigged. I trust those folks as much as I trust our government.
Of course, right now there’s no true market in the U.S. Thanks to Fed Reserve QE to infinity, we’ve got worthless fiat currency heavily manipulating the stock market. This includes propping up insolvent banks and tech companies that have lost money since day one with no viable business plan to ever earn a profit.
Social Security is on its death bed.
But what scares me most is a plan to seize private retirement accounts. The Dow is at 17,000? Why that can only mean the fat cat Wall Street Bankers are stealing from the poor again. And they must be punished. And how do we prop up the Social Security mess also?
By taking State control of individual retirement accounts and 401(k)’s.
Wall street thrives but Main street is dying under Obama.
Almost all pension plans are invested in stocks, be they individually directed plans like 401Ks or institutional plans.
So almost everybody who works and has a pension plan is invested in the stock market whether they know it or not.
It went below the magic figure of 17,000 that had a lot of idiots excited.
17,001 is barely different from 16,999.
It goes up, and it goes down.
BTW, it is never adjusted for inflation, so the numbers are useless.
“A rising tide lifts all boats.”
17,000 isn’t a tide. It’s a lock in a canal that is going to burst due to inequality of pressure.
Wah wah wah boo hoo. No one is excluded from participating in the stock market. If you choose to invest in beer cigarettes and scratch off lotto tickets instead of stocks that's your problem. My sympathy for those who didn't buy stocks and are now envious because stocks have appreciated approaches negative infinity.
Per what person? Are they saying the average black collects $10,000 less?
Are they saying every white person collects $10,000 more?
Or are they trying somehow to say that a black person pays so much in that white people will be collecting $10,000 more on account of that?
Keeping in mind that there are at least six times as many whites as blacks, that would either be a pretty watered down $1667 dollars per white person--because I don't see how the black person could be paying in $60,000 more than the white people making the same amount did, over the same time period.
Gibberish...
If some people collect more than others because they live longer, they didn't collect any more per month than someone collecting equal benefits who dies, up to the end of the latter person's life. If they are dead, they don't need the check, right?
When it was really low the MSM said “Well it’s only a number” now it’s really something????
The part too many don’t understand is that if the stock market crashed today cash money would also be worthless.
The banks would close and inflation would go wild. If the market crashed today everything crashes with it.
You won’t be going to the store with a gold bar to buy anything either. What would people do with that gold bar, scrape off a loaf of breads worth?
Real property and the market is the only safe investment today.
If you’re not an HFT trader, you’re not really in the game.
Widescreen TV and 22-inch chrome wheel sales would jump tremendously.
Remember when George H W Bush’s policies carried over into a roaring stock market in which Bill Clinton took the credit? The National Debt was almost paid off as a result. Then in Clinton’s last year it went into free fall and Clinton did nothing to stop it.
It surged under G W Bush and then again went into free fall his last year.
Now I suppose Obama will grab the credit for this stock market surge, but just how close is the USA to getting out of the National Debt as a result, and will it go into free fall before the next election?
What about pension plans for both private and public employees? What about 401(k), 403(b), and other investment plans regular employees might hold? The people that benefit are NOT just the 1 percenters...