Just starts buying stocks and thinks those gains are standard.

Lulz
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WTF are you talking about?
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That's basically what it is here, but it's compounded by Agricultural issues.

The depression era scarred the hell out of them as kids and then the '80s ag issues drove a dagger in the next generation. I remember the sheriff knocking on the door to serve papers and the repossessions when I was just a kid. It really seems like each generation has had to live off dirt and whatever they could cobble together at least once in their life in order for the next generation to experience going broke and digging there way out of it again. Those things scar the hell out of people.

On my mom's side they don't have the Ag issues to compound it, but my grandmother still has little toys for my nieces and nephew to play with from the and 70s that my mom and her brothers played with. She grew up dirt poor and then raised her base traveling navy brat kids thinking ketchup sandwiches and hotdog spaghetti was a normal thing. My uncle still eats the damn things. :-) Her hoarding is cash money and keeping every single thing she does pay money for. She's going to go to her grave very simple and fairly wealthy because of her own life experiences.

I'm sure there have been some studies done on how all of this affects my generation and our willingness to save and invest, or not.
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I think you know way more about investing then I do but you kind of shot off your mouth. I've owned stocks before and I've had a 401 K for decades. I sold my stocks back when the market was so volatile that I wasn't comfortable with it and then they just kept going up so it was a big mistake on my part to sell. This years circumstances gave me a good entry point to get back in so I did. It's making up for my previous bad decision making.

LULZ-Derp!
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“Started buying stocks” was pretty vague on your part. My apologies.

If you were in cash and then bought at the beginning of March, your timing was pretty awesome.

Congrats.
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I probably should have termed it as "I got back in". It's all good though so peace and prosperity to you.
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Well that’s killer timing.

Honestly with the Fed propping up the market, I see a return to 30k by August.

After that and post election, the bottom may fall out.
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Only if Biden wins. If Trump wins we we largely pick up where we left off. IF Biden wins and the Dems get the Senate and keep the House then shit is just gonna get sold blindly and I will be a part of that. At least until you know what they are going to do. They start raising taxes or as they say "rolling back tax cuts" then yeah, shit's gonna be bad for a while.
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SPX nearly back to 3000. Large cap growth has nearly completely recovered. Fortunately I've been mostly large growth for years. Only down 5 percent from the peak. Meanwhile old economy value and small caps still 15 to 20 percent below their highs. They should continue to lead on the up days now (financials, energy, industrials, transports, materials). Good time to reallocate toward value and mid and small. Also taking the opportunity to take off some overall stock risk and buy corp bonds where credit spreads are still wide. Feel like I dodged a bullet.
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The Fed will come off the gas pedal regardless of who wins the election.
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Yes which is why Trump being President is what this hinges on. If the Dems get in and start tacking on all the regulation and taxes Trump got rid of then coupled with a Fed raising rates you got a full blown ass whoop headed your way.

Don't say I didn't warn you.
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I agree that it’s an ass whooping either way. One just may be worse than the other.
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The level of pessimism being bandied about is pretty surreal. Markets normally never go down when things are this pessimistic.

Lots of good value in the market. I bumped up my 401K contributions to the MAX at Amazon, including a good chunk going into AMZN stock.

"Bull Markets begin on Pessimism,
Grow on Skepticism,
Flourish on Optimism
and Die on Euphoria."
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If the dems take over I'm bailing out of everything. They will destroy America as we know it.
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I thought that about the corn market a month ago.

That was foolish.
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