[dlp211]

Great, now how much does the median retiree have saved?

Also, the vast majority of people shouldn't give two licks about keeping the market high today because the vast majority of people are more than a decade out from retirement. What should have been an event that allowed people to build wealth instead became one to preserve the wealth of those who already have it.

[ryanwaggoner]

“I’m decades away from retiring, so I’m happy to let these businesses fall apart, destroy trillions in value, and layoff millions of people so I can buy some shares at a cheaper price!”

This is like letting your neighbor’s house burn down because you’ve always wanted to buy the land under it.

[dlp211]

This isn't an either let all businesses fail or prop up the entire stock market with cheap cash choice and your framing of it as such is intellectually dishonest.

[ryanwaggoner]

I didn’t frame it as an either/or. I literally just reframed what you said: that people far away from retirement shouldn’t care if the stock market crashes, because they’ll benefit if it does.

[dlp211]

The market making a correction != businesses failing. The market is severely overpriced as-is, it didn't need to be propped up. Companies don't fail because their share price has dropped.

[jimbokun]

> Great, now how much does the median retiree have saved?

Whatever that number is, it's going to be much smaller after a stock market crash.

[dlp211]

It also wipes out the opportunity for future retirees to benefit from market corrections which are historically how most wealth for middle class retirees is built. So you've now sacrificed far more future retirees accounts for those who shouldn't have such high market exposure that they are hurt by a correction.

If this isn't a wake up call that individuals have no business managing their own retirement, I don't know what is.