If the expectation that the market will rebound in a year or two was "priced in" and everyone is just buying based on future expectations, then why is history filled with prolonged recoveries? If it always gets better, why isn't every recovery V shaped as long as an asteroid isn't screaming at earth?
Yes, this is true. And sadly, I only had $5,000 to start with. Every penny of my savings is in the stock market. I may come out with $30K by the end of the year and I’ve NEVER traded before. I can’t even imagine what I would’ve had if I had $50K or $100K to start with, much less $10 Million. Good lord.
Market doesn't reflect optimism as much as cheap money that is going to keep a host of zombie companies from going under. The backstopping of the bond markets by the feds is doing wonders for the short term outlook.
Society hasn't collapsed. It's just a political and media shit storm that's inflamed something minor into seeming like it's the return of polio.
First thing I did when things started getting crazy was call a very good friend of mine who's an MD in the US Army. He told me it's nothing to worry about. I'll take his word over any media outlet.
Just wait till you gonna go and buy that 50 000 000$ one bedroom house with 3000$ boost. At this rate you are going to be buying Houses, property, stocks from FED itself :D. So it can pay it back with TAX FROM THAT PURCHASE!! :D;D;D
I mean if you study economics right now, it must be like a clown school.
Stay on topic here. You asked “why collectively, though?” This is not about whether or not people figure out how to get rich. It’s about recognizing that the vast, vast, vast majority of the country will not ever get rich. However, through collective bargaining, they can at least get a fair(er) wage. Seriously, have a bit of compassion for others. It goes a long way. Not everybody is trying to be the next Bill Gates or Warren Buffett.