People at retirement age likely have the bulk of their funds in money markets and other exceedingly low risk investments, as that is money you cannot afford to lose.

no, they SHOULD have their funds in low-risk investements. That’s not the same as having it. There is no requirement for funds to automatically transition to something more safe, it’s merely a good idea. So quite a few people are still getting fucked over.

Now is the time to buy stocks at a discount. Think of this as a Steam sale for your pocketbook and buy as much as you can while stock prices are in the tank.

That’s nice, but Americans are also getting fired left and right, and more people are about to get fired when the shock of these tariffs makes its way through the supply chain. That makes it hard to spend money.

Another issue is that adjustments like these are often corrected, but not compensated. The line will go up again, but it also moves to the right, reducing your final amount.

Also, I personally haven’t been timing the market, because my crystall ball hasn’t been working well and my local wizard has been pondering it for months now.

Edit: Honestly, in large part, I think you’re right. And I’m usually the one playing the “well actuaaaaally card” so I ought to respect it more. I think you make good points about where people are at in their investment lifecycle. That being said, like a lot of things, I think it’s going to be harder for the younger folks. (I’m an elder, practically geriatric millenial.)

In part, yes, it’s an exaggeration as it is a meme.

That being said, losing a year’s worth of stock gains hurts.

That being said, I wouldn’t trust the advice to buy low. You’re banking on trump reversing course and other nations not ratcheting things up.

Really depends on what stocks you grab. Looks like at least Tesla may be in long term trouble (brand reputation is hard to recover) with competitors beating them on most fronts.

American defence contractors look to lose as Europe and other former purchasers will likely head to local firms instead so as to remove a strategic vulnerability.

And of course, most of the money that is moving through the markets are a few savvy financial players who have already priced in the odds and benefits of a return to normal.

Long term, stocks should come back but whether they do so faster relative to other stock markets or assets? Hard to say. American tech has been long seen as overvalued and wildly out of line with earnings, who knows if absurd valuations are really going to come back?

And of course, all of this ignores things like China taking Taiwan etc which could cripple global growth.

Unless you’ve been laid off and are having a hard time getting a job - which may not be many people but still sucks for anyone trying to make it by without dedicated income :/