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 justin66 on Monday May 11, 2020 @09:58AM (#23142198)

Without sperging out about the specific percentage: a situation where people have a tiny amount saved for retirement, and almost all their net worth in a house and car, is actually quite common.

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Re:Why is the stock market rallying when the economy is so bad? by WalterBright on Monday May 11, 2020 @03:43PM (#23146125)

Spending on a car is not an investment. It's no joke that a new car loses 30% of its value when you drive it off the lot. Essentially all cars lose value constantly, and that's not even counting the finance costs.

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Re:Why is the stock market rallying when the economy is so bad? by justin66 on Monday May 11, 2020 @04:01PM (#23146328)

I couldn't agree more. Just trying to explain the situation of someone's pension accounting for such a small portion of their net worth. It's sadly common.

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