Let's make fun of Trump, bash him, etc. while we can!

[beechnut79]

(03-17-2020, 07:13 AM)pbrower2a Wrote: This chart will be soon be terribly obsolete --- because another bad bear market shows signs of joining the other four:


Obviously, huge losses in retirement savings is not funny. 32.7% off in one month is not quite as severe as the 47% at the 1929 Crash... but it is an ominous start. 

Cashing out means that one pays taxes. Transferring the funds to an annuity means getting back a very low real return when interest rates are low. (The government seems to prefer that people do so because that means that there will be no inheritance, which means only a few people will have the privilege of owning the assets that are the focus of the only meaningful power in our nearly-pure plutocracy in which the owners and executives wield total power over Americans).

At this point, the "Trump" component of the longest bull market has vanished.

Do you think this is all related to all the closures and shutting down due to coronavirus fears, or do you feel that it would have happened anyway? Might we be seeing the end of the stock market being worshipped as religion?