Millions of people saw their 401k accounts plummet when the DOW plummeted.
Now those same millions see their 401k accounts about back to where they were.
I'd say it's a pretty good indicator of how the direction of the economy.
You're not understanding. The market is all based on Fraud. Fake derivatives. Ok these people many have had their 401k's go back up. But, the system is based on fraud.
The entire market right now is only functioning because the Fed is dumping $85B/mo into the financial markets. The house of cars will eventually come down because there is no manufacturing.
The U6 numbers show this. The media and DNC like to go around and wave their flags that they created what 190k jobs last month or something like that? That was about the figure. But, they fail to tell everyone that those jobs are temp and part time jobs in the service sector.
Want to wipe someones ass, flip burgers, be a greeter at Walmart, etc.. then there is a job for you.
But, during the exact same time, middle class manufacturing jobs lost 200k+.
And the market is not showing this due to the Fed pumping in money into the financial system.
When this house of fake cards comes crashing down, all those 401k's your toting will come down as well. And what happened in Cyprus will happen here. it is called "Bailed In".
But you keep up carrying your DNC flag and listening to the state issued figures which are a lie and when it comes crashing down, only hoe you protected yourself.