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Netflix: Profits soar after password sharing crackdown
(www.bbc.com)
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this post was submitted on 19 Apr 2024
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Not only investors. Everyone needs stocks to forever go up. We're kind of fucked, because once it becomes apparent that the infinite market growth isn't possible and we reach a theoretical ceiling of stock market, the world and economy will probably be in serious shit.
I've tried looking for some articles or papers about what would actually happen and couldn't find any, but our society right now is kind of based on that premise, and once it stops it's going to be a problem. Mostly for the ordinary people, though. And of course, caused entirely by the greedy investors struggling to figure out how to keep milking the cow. Fuck capitalism.
A lot of pensions will be fucked that heavily invested in stocks, but aside from that, the world will be fine. You 100% don't need stocks in order for companies to thrive. Japan has had a poor stock market for the past 30 years, but there's still a ton of companies and businesses that do just fine, there. There's also tons of places in the US as well that aren't publicly traded. Hobby Lobby, Quik Trip, Valve, SpaceX, Hy-Vee, just to name a few multi billion dollar companies.
The quickly rising stock market also hasn't always been like it has been since the 1980's. It went 18 years running more or less completely flat before that, and society didn't collapse. Nearly two decades of no growth whatsoever.
Basically all 401ks in the US rely on stocks. And basically everyone's retirement (who doesn't have a pension, which is fewer and fewer jobs) relies on 401ks.
And if the market goes back to running flat, the 401k's won't shrink. They just won't gain interest. "Oh no".
Sure, it sucks, but it isn't the end of the world, and if stocks run flat and 401ks run flat, then inflation should be running flat as well. It could bankrupt some companies and screw some people over if their retirements are not 401ks and are instead in company stock and stock options, but if you took nothing but stock options and didn't go with a traditional 401k or other savings, than that's a large risk you took on yourself.
401k's are federally protected under the Employment Retirement Income Security Act and assure that your contributions are protected right down to the month and no angry creditors or company bankruptcy can go after that money.
That isn't to say a market crash won't cause your 401k to go down, but the market won't "crash" by hitting a ceiling, and most 401ks aren't just in the US stock market. They're diversified among foreign and domestic stuff, and not just stock markets, so even a large crash isn't going to wipe out anyone's 401k. Just reduce it by maybe 20% or less, depending on options you've chosen with your 401k.