this post was submitted on 12 Mar 2025
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[–] [email protected] 116 points 2 days ago (3 children)

Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let's make sure none of the assholes find a seat on a life boat.

[–] [email protected] 99 points 1 day ago (7 children)

All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.

[–] [email protected] 1 points 7 hours ago* (last edited 7 hours ago)

In the USA, not everywhere, luckily. It's as if the repercussions will hit you guys harder than the ones Trumpet is trying to blow at.

[–] [email protected] 91 points 1 day ago (1 children)

In fact, those assholes will be fine. WE won’t.

[–] [email protected] 2 points 19 hours ago

and the only way to turn it around is a lot of angry people with guillotines

[–] [email protected] 13 points 1 day ago

Maybe it will force Americans to do something against that? If no one has any retirement, there's bound to be a lot of public outcry. There's nothing to lose if you have nothing.

[–] [email protected] 19 points 1 day ago

Lucky me, I don't have any retirement investments!

[–] [email protected] 8 points 1 day ago (2 children)

How much of retirement accounts represent in % for the overall stock market?

[–] [email protected] 6 points 1 day ago

Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate%20equities%20and%20mutual%20fund%20shares;demographic:networth;population:all;units:shares]

[–] [email protected] 15 points 1 day ago

Not much, but the peecent of people who have their money in stocks for retirement is high.

[–] [email protected] -1 points 1 day ago

I switched to cash last week.

[–] [email protected] 10 points 1 day ago (1 children)

You think they aren't already profiting off of the downturn?

[–] [email protected] 2 points 1 day ago (1 children)

half of them voted for this guy, so yeah I'm wondering whether they actually saw it coming or not

[–] [email protected] 4 points 1 day ago (1 children)

They'll buy everything that collapses up at a great discount

[–] [email protected] 1 points 1 day ago

yeah but will it actually rise again

[–] [email protected] 22 points 1 day ago

Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.