newporttony
Recycles dryer sheets
My apologies if this topic has been covered before.
I have been hearing some very dire predictions of where the market might find a bottom and I've been wondering about the real-life implications. Say, as some have predicted, the S&P 500 falls to 150; is the impact primarily to the "investment class" (which I believe is now about 60% of Americans), or is the impact more broadly felt? I believe it would have catastrophic results outside of people's investment portfolis, but maybe I am wrong and life just goes on as normal for most people.
I have been hearing some very dire predictions of where the market might find a bottom and I've been wondering about the real-life implications. Say, as some have predicted, the S&P 500 falls to 150; is the impact primarily to the "investment class" (which I believe is now about 60% of Americans), or is the impact more broadly felt? I believe it would have catastrophic results outside of people's investment portfolis, but maybe I am wrong and life just goes on as normal for most people.