The US stock market is down substantially again today. There’s still a few hours left in the trading day as I write this, so who knows where it will end up. Things aren’t looking good though.
Dow Plunges 400 Points: Goldman Sachs Warns Stock Market Rout Will Only Get Worse This Year https://t.co/Wg5jg7Lz14 pic.twitter.com/6iR0CtiO1n
— Forbes (@Forbes) September 23, 2022
It’s not surprising to see this after the Fed increased interest rates earlier in the week.
The whole system is doomed. I would certainly not want all my wealth in the stock market considering the situation. The fools who have all of their life savings in 401k plans areĀ totally screwed.