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The number of affected people is pretty large, but it's also worth remembering that about half of American households have no direct exposure to stock markets:
by thedance 7y ago
The number of affected people is pretty large, but it's also worth remembering that about half of American households have no direct exposure to stock markets: no pension, no 401(k) plan, no direct holdings. If you're trying to prop up the stock market you're only directly benefitting, at most, half the people.
- jacquesm 7y agoFair enough. But half the people is a substantial number. What bugs me is how short lived the 'up' was. You'd expect more from such a massive injection. All it seems to have done was prop up the market long enough for some laggards to exit their positions as well and then it was back where it all started. Very scary.