General Discussion
In reply to the discussion: Dow Jones Industrial Average hits 14,000 [View all]Egalitarian Thug
(12,448 posts)I also didn't include the percentage of people that lost everything and had nothing left to ride out 4 years of taxpayer funded Wall Street welfare that created this "recovery" and a thousand other things that would have been necessary to be thorough. You can't escape the math.
We have suffered over four years of compounded losses and financed the restoration and expansion of those for whom the market exists. As I said to malaise, the DJIA hitting 14K is not a bad thing by any means, but it is far, far away from even getting back to zero. We are still in a seriously negative growth market and will never make up for the losses we were forced to make up for those that suffered no consequences at all for their negligent, immoral, and criminal actions.
In the real world people have almost nothing to do with their accounts. They go to work, the contributions are taken from their checks, their balance goes up or down with the markets, and a couple of times a year they might adjust the percentage going to this fund or that one, but mostly they open their quarterly statement, look at the balance, and toss it in the file or the trash retaining a vague impression that they've gained or lost.