Do you know what the S&P 500 is? If so do you understand why it failing in today’s world could be a good thing?
Let me explain it in simple terms.
The S&P 500 is an index that represents the 500 wealthiest publicly traded companies(the companies screwing American’s daily like Walmart). These companies often thrive on low wages, terrible benefits packages and unsafe work environments in order to keep costs down and profits up. A complete collapse of these companies would likely hurt very much but in all honesty a reality check and pushback to a 50% reduction even would absolutely help small businesses and new businesses in the long run.
Honestly, I wish companies like Walmart who repeatedly screw America with outsourcing would get a swift kick.
What? Stock price pullback would do nothing of the sort in fixing the issues at hand. The issues at hand are due to favourable lobbying efforts and republican and democratic administrations alike changing law and policy in favourable of big corporations that allow them to exploit. Past recessions and stock drops / corrections did nothing to correct these , and if anything resulted in cost reduction pressures as a result to overperform and get targets back on track. S&P500 ETFS make up large portions of pension funds, individual holdings, institutional holdings that manage buckets of funds for retirement, etc.
You're not hurting Walmart by a stock price pullback lmao.