[mfitton]

Do you think normal people (think, your average investing American) are trading based on this news? They probably shouldn't be... I would think that by far most of the trading these past few days has been institutions, so, a big transfer from some financial institutions to others?

[rsynnott]

> Do you think normal people (think, your average investing American) are trading based on this news?

We ~know that they were: https://finance.yahoo.com/news/the-market-pummeled-401k-acco...

As always, normal people sell low and likely buy high (I'd bet that a lot of the already-fading market euphoria yesterday was retail trading).

[delusional]

Aren't your 401k's tied up in stocks and bonds? Index funds too will probably have been fleeced too on the volatility.

[kcb]

But surely you didn't sell off your 401k.

[stubish]

Managed funds and ETFs will have needed to rebalance, buying and selling assets to get the proportions back to what they are supposed to be.