Dow hits 40,000 for the first time as bull market accelerates

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

and it's even worse now.

Only if you're at the magical age to cashout and shift a major portion into safer assets.

Regular ass working class people with retirement funds are benefiting as well.

What's a retirement?

But until we come up with a better system, cheering for the collapse of the stock market hurts pretty much everyone

We'd better come up with a better system fast because regardless of who is or is not cheering for what, no asset market goes up in value forever. Market corrections are a natural part of any market cycle and many people believe the stock markets are generally overvalued at present. Some people would even say that the current market "bubble" is being propped up by people who don't want a correction to occur because it would mean a decrease in their retirement savings, but all that does is all but guarantee that when the inevitable correction does occur, it will be more severe than it needed to be.

Yes, it is trickling down... But not as much as it should

It may be trickling down, but only to the ever shrinking middle class. Normal working people used to have pensions, then 401ks popularized a nation wide obsession with gambling for retirement.

Employer matched retirement benefits are getting rarer by the day and it's understandable why so many people don't care about the stock market doing well. Why would anyone care if the market is making a killing if they have no access to it?

Bartering and peace.

Lol. Not. Just famine and a lil' death.

Same thing as 100 years ago. Stock market crash, poverty, unions rise, the powerful try to squash it and fail, unions and collective organizing take back a descent middle class life, the next generation(s) who grew up with all those advantages lets it all slip away because they are entitled, rinse repeat. The rich never learn but neither does the lower classes. There is no winning, it’s a constant vigilant battle to keep a standard of living that the working class must learn to maintain. The rich get rich by taking more than they need, that never stops.

And Obama's first term was a normalization of the market after it went in the absolute shitter under W:

W. Bush 1st term:
1/22/2001 - 10,578.24
5/17/2004 - 9,906.91
-671.33 - (-6.35%) of start.

W. Bush 2nd term:
1/20/2005 - 10,471.47
5/16/2008 - 12,986.80
+2,515.33 - 24.02% of start.

But that gain of 2.5K was as of MAY, by the time Bush was out it was 7,949.09. A drop of 2,522.38 from where he started the term, and 5,037.71 from that May number.

Before Obama could do anything, it bottomed out at 6,547.05 on March 9th, the stimulus package had just become effective less than a month before on 2/17/2009.