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re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today
Posted on 1/19/24 at 9:32 pm to SloaneRanger
Posted on 1/19/24 at 9:32 pm to SloaneRanger
quote:
Most Americans haven’t been so lucky.
One of the silliest arguments I had on here a few weeks ago was that Americans without stocks have gotten blasted while at least stock owning Americans have come out a little ahead.
People couldn't fathom this concept. The bottom 50% of the country owns 0.6% of the stocks in existence, so they're just getting shredded through all this.
1
Posted on 1/19/24 at 11:54 pm to Thundercles
quote:
The bottom 50% of the country owns 0.6% of the stocks in existence, so they're just getting shredded through all this
And out of the top 50%, how many are realizing these gains before the next downturn? While it is great that my retirement accounts are up, I'm paying out the nose for groceries and other items.
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