Quote:
Originally Posted by pewe
the news suggests some folks lost their entire life savings over the last week... its really really bad and sad
the meme stocks are also back below their entry points, so that has got to be even more savings lost
its not good to hear, and the scary part is this all "just" happened, so none of us know exactly how it will wash through the consumer demand that becomes clearer in the coming month or two
in other words, this is additive to the pain we already can quantify
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How so? The dollar hasn't collapsed so neither has anyone's retirement funds, not yet anyway.
As for stocks, those were unrealized gains getting wiped out. Is it only now that people figuring out stocks, and cards for that matter, aren't buy and hodl forever?