61–70 of 276 posts
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Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.
Ummm what are pension funds?
[0]https://www.pensionrights.org/publications/statistic/how-man...
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A coworker told me he thinks as long as people think it might crash it won’t crash.
That makes no sense.
1) most people thinking that a crash is near means that they view the stock market to be overpriced.
2) this means they won't buy as much and inflate prices even further. in fact, many may start to sell.
3) this will tend to limit price increases and may even depress the markets a bit
4) Thus, while there may be a decline if economic conditions turn sour, there's a lower likelihood of a "crash" (large drop from current prices).
I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)
A coworker told me he thinks as long as people think it might crash it won’t crash.
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https://www.bls.gov/news.release/jolts.nr0.htm : > The number of job openings fell to 6.8 million (-561,000) on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little change…
If I read this correctly it suggests that these weren't jobs filled by unemployed people. More like they are no longer needed.
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They don't give an opinion on if this is negative or positive.
What news they choose to make News is an opinion.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
https://www.calculatedriskblog.com/2020/01/bls-job-openings-...
By someone who has been following the jolts numbers for years.
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Indeed, "what are pension funds"? I don't have a pension. No one I know personally has a pensions. The younger or non-tech people I know have little to none in their 401k.
I entered the workforce about 10 years ago and I genuinely don't even know what a pension is. I know what a retirement plan is, and employer matching. I guess a pension is something different from that.
By contrast, a 401(K) is a defined contribution plan. You put however much money in, maybe get matching, and you can take money out after a certain age based on how much you put in and how much it grew.
Defined benefit used to be a lot more common but it's become less so for a variety of reasons including tax law changes. Today you see them mostly in government jobs like teachers.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.