But until we come up with a better system, cheering for the collapse of the stock market hurts pretty much everyone
We’d better come up with a better system fast because regardless of who is or is not cheering for what, no asset market goes up in value forever. Market corrections are a natural part of any market cycle and many people believe the stock markets are generally overvalued at present. Some people would even say that the current market “bubble” is being propped up by people who don’t want a correction to occur because it would mean a decrease in their retirement savings, but all that does is all but guarantee that when the inevitable correction does occur, it will be more severe than it needed to be.
I’m all for dismantling capitalism, but until we come up with a better system, i’m not about to liquidate my accounts just to stick it to the man. Thats cutting your nose off to spite your face
Pensions arent a thing anymore. Retirement savings accounts and lottery tickets are the only two options if you dont want to work until you’re dead…
We’d better come up with a better system fast because regardless of who is or is not cheering for what, no asset market goes up in value forever. Market corrections are a natural part of any market cycle and many people believe the stock markets are generally overvalued at present. Some people would even say that the current market “bubble” is being propped up by people who don’t want a correction to occur because it would mean a decrease in their retirement savings, but all that does is all but guarantee that when the inevitable correction does occur, it will be more severe than it needed to be.
I’m all for dismantling capitalism, but until we come up with a better system, i’m not about to liquidate my accounts just to stick it to the man. Thats cutting your nose off to spite your face
Pensions arent a thing anymore. Retirement savings accounts and lottery tickets are the only two options if you dont want to work until you’re dead…