The lockdown rage and the stocks

[tymofiy]

I just understood why middle-class Americans, even those whose jobs were not affected by the lockdowns, vouch for "the economy" and demand reopening so fervently. Why this bizarre stance of "I do not care how many people will die, just reopen the goddamn thing!" is so widespread. Think about the economy! The airlines! The hotels! The retail!

What

Comments

[3eta]

Not only that, pension funds are heavily invested in the market too: Social Security, 401K etc. Even if a 60-year-old never opened their own brokerage account, they most likely are exposed via their company's 401K plan.
Besides that, most people are employed by one or another large company or depend on people working in those companies spending money there. Essentially, a lot of people were unemployed due to the domino effect:

[tymofiy]

Yep. Everybody's in the game.