Why is the stock market rallying when the economy is so bad?

Re:Why is the stock market rallying when the economy is so bad? by SpicyLemonZest on Sunday May 10, 2020 @04:26PM (#23135857)

Any model describing the median American as “lower class” is being unreasonable. Most Americans - not all, but most - live a comfortable life.

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Re:Why is the stock market rallying when the economy is so bad? by kitotik on Sunday May 10, 2020 @04:33PM (#23135923)

Citation needed. “Comfortable” is obviously subjective, but the discussion was around ownership of stocks.

Even these[0] models have it at >=50% and they are at least 15 years old, and disparity has only increased since then.

[0] https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...

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Re:Why is the stock market rallying when the economy is so bad? by karatestomp on Sunday May 10, 2020 @05:39PM (#23136473)

One annual out-of-pocket max (broken arm, bad fall, car wreck, appendicitis, pregnancy) away from having your financial plans disrupted for a couple years isn’t comfortable. One of those plus any one other problem at the same time from severe financial distress (maybe lose home, maybe bankruptcy) isn’t comfortable. No matter how many x-boxes you have.

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