> When stocks go up, the narrative is 'look! all the rich are getting richer!' > When stocks fall it's 'Those greedy millionaires are short sighted, look at wh

> When stocks go up, the narrative is 'look! all the rich are getting richer!' > When stocks fall it's 'Those greedy millionaires are short sighted, look at what happened to everyone's pension!' This hits the nail on the head. When the stock market was down 30% in Q2 and personal income was _up_, nobody was writing breathless articles about how investors were getting screwed while the common man was fine. It's pretty shocking how unserious coverage of the stock market is, from picking dishonest time windows ("stock market up 10% during pandemic! [counting from after the 30% crash]") to selectively ignoring the difference in time horizons between equity prices and snapshot economic statistics. A good rule of thumb is that reading mainstream articles harrumphing about the stock market is a waste of one's time, unless you're looking for a cable-news style dose of misinformed outrage for recreational reasons.