3 ms·
I'm no expert, but this is the explanation I heard, and it makes sense to me: You're judging the market by looking at the indexes. The DOW is 30 large compani
by xscott 6y ago
I'm no expert, but this is the explanation I heard, and it makes sense to me:
You're judging the market by looking at the indexes. The DOW is 30 large companies. The S&P 500 and Russel 3000 are weighted proportionally to how large the companies are. Even the "small" companies in these indexes are larger than your local restaurants or misc goods / services businesses. The majority (maybe all) of these large companies will easily survive, and many of them are going to scoop up all the customers from the mom and pop shops that will fail because they don't have an aisle of "essential" goods to legally remain open.
Now, if you're retired and need to live on your savings for the rest of your life, where would you put your money? All the people who think the forced shutdowns hurt the wealthy really don't get it.