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Reply to "More stock market carnage coming?! S&P futures down another 4.5%!"
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[quote=Anonymous][quote=Anonymous]We need the retirement accounts because globalization killed defined benefit pensions. In addition to blue collar jobs. [/quote] No. What you need is...restraint. Who said pensions were a given? Who said, retirement accounts should be mostly invested in stonks?? There's a reason a 60/40 split of stocks/bonds was considered a balanced portfolio. Look at the 10y yield. It has not dropped this much, this fast for quite a while. It's doing the job of the Fed, causing rates to go down, without bowing at Powell's feet. We've been living large on borrowed time and money for far too long. If the current events actually stick and cause "reality" to rear its head, we're looking at a lot of pain. And that pain is needed.[/quote]
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