this post was submitted on 12 Mar 2025
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[–] JiveTurkey@lemmy.world 117 points 1 week ago (3 children)

Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let's make sure none of the assholes find a seat on a life boat.

[–] jaybone@lemmy.world 100 points 1 week ago (7 children)

All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.

[–] red@sopuli.xyz 1 points 5 days ago* (last edited 5 days ago)

In the USA, not everywhere, luckily. It's as if the repercussions will hit you guys harder than the ones Trumpet is trying to blow at.

[–] baggachipz@sh.itjust.works 92 points 1 week ago (1 children)

In fact, those assholes will be fine. WE won’t.

[–] bountygiver@lemmy.ml 2 points 6 days ago

and the only way to turn it around is a lot of angry people with guillotines

[–] doingthestuff@lemy.lol 19 points 1 week ago

Lucky me, I don't have any retirement investments!

Maybe it will force Americans to do something against that? If no one has any retirement, there's bound to be a lot of public outcry. There's nothing to lose if you have nothing.

[–] driving_crooner@lemmy.eco.br 8 points 1 week ago (2 children)

How much of retirement accounts represent in % for the overall stock market?

[–] suite403@lemmy.world 15 points 1 week ago

Not much, but the peecent of people who have their money in stocks for retirement is high.

[–] SupahRevs@lemmy.world 6 points 1 week ago

Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate%20equities%20and%20mutual%20fund%20shares;demographic:networth;population:all;units:shares]

I switched to cash last week.

[–] takeda@lemm.ee 22 points 1 week ago

Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.

[–] bitjunkie@lemmy.world 10 points 1 week ago (1 children)

You think they aren't already profiting off of the downturn?

[–] tetris11@lemmy.ml 2 points 1 week ago (1 children)

half of them voted for this guy, so yeah I'm wondering whether they actually saw it coming or not

[–] ugjka@lemmy.world 4 points 6 days ago (1 children)

They'll buy everything that collapses up at a great discount

[–] tetris11@lemmy.ml 1 points 6 days ago

yeah but will it actually rise again