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In reply to the discussion: Dow rallies more than 500 points to record, closes above 37,000 for the first time [View all]Johnny2X2X
(23,476 posts)I mean, I know really smart people who fall for the doom and gloom on FOX News and are missing out on all the gains. They might not even be MAGAs, but they hear all the doom and gloom and react.
They hear thinks like Warren Buffett has a lot of cash and then hear FOX says its because hes hoarding it for the crash. They have no clue what Warren Buffet is thinking, but hes not betting on a broad crash, hes probably got his eye on a few companies that these people have no clue even exist.
And they arent really mad they lost out. Because they dont understand opportunity cost, theyre mad because they want to be right and they want to see Trump be right. Trump predicted an economic collapse if he wasnt reelected and right now we have one if the best economies in history. Maybe they had $100k in their 401K and instead of having $140K now they have $115K, theyll never figure thru lost $25K.
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