What effect does the stock market really have?
October 14th, 2009 | by Michael |
Crazed D asked:
Just how much of the economy is tied to the stock market?
GARTH
Just how much of the economy is tied to the stock market?
GARTH
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3 Responses to “What effect does the stock market really have?”
By Icarus on Oct 17, 2009 | Reply
It’s a big deal but it only hurts you personally if you sell shares. Now is a really good time to buy shares.
By Mike B on Oct 17, 2009 | Reply
The stock market slumps will only effect those who panic sell.
If you like I do invest in the long term it will mean nothing. I lost close to $70K this week, but i know it will recover by the time I retire plus much more.
tcw
By amandarez73 on Oct 19, 2009 | Reply
Actually it affects a lot of people - whether or not you buy/sell/own shares.
A lot of the economic market is tied to the stock market - loans and mortgages are bundled and sold, bank assets are traded, the dollar is tied to the stock market. Many institutions are invested in the stock market: company pensions, universities, for-profit hospitals, banks - if the market drops, they have less money to fulfill their needs. Banks can’t lend money, universities have to charge more tuition to make up the difference, pensions lose value.
Most people who have 401K, IRAs or other retirement accounts are involved in the stock market
It is a giant f…. up