I think people fail to understand is that a large portion of the population has literally 0 investments, let alone diversified portolios that are technically up

I think people fail to understand is that a large portion of the population has literally 0 investments, let alone diversified portolios that are technically up. These people give absolutely 0 shits about the stock market being up and the economy being considered fine. We on HN are sheltered and generally have decent jobs which do allow us to have investments and thus don't see the impact as much as those who don't see the bullish line of the stockmarket driving their portfolios up.