Originally Posted by
Extenda
a point: the stock market is irrelevant if you’re in the vast majority of Americans with zero equity in it.
but, yes, for people like us with a maxed out 401k every year we generally rise and fall with equities.
correct. Markets rise & fall on earnings. Every time. This is a textbook, epic case study of senior management failure, to recognize and recover from mistakes. One high roller, betting all the chips, no one hard enough to say no. Holy camoley. The madness of king George, pt. II ‘rise & fall of the orange sun’