Investors lose a trillion dollars in one day

[Riot]

Originally Posted by joeydb

So we're all too stupid to invest our own money, or just some of us?

You could be the most brilliant investor in the world, but you were hammered in 2008 and hammered Friday. What the hell do you think happened to millions of older people living off their lifetimes earnings investments in retirement the past 10 years? Most people are smart enough to invest for their retirement, with Social Security as the supplement it is intended to be. What do you think happened to the value of their paid-off houses due to crap agencies like S & P selling crap as AAA value?