Retirement investors should beware of our volatile ‘Marie Antoinette’ market
Yahoo Finance••business
Key Points:
- The article compares the current U.S. stock market to a "Marie Antoinette" market, implying a disconnect between wealthy investors' attitudes and the realities faced by average investors.
- Wealthy figures like former President Trump, Marjorie Taylor Greene, and Treasury Secretary Scott Bessent have downplayed market volatility, suggesting that only "weak" or "stupid" investors panic during downturns.
- These comments reflect the perspective of the ultra-rich, for whom market fluctuations present buying opportunities rather than risks, highlighting a significant gap in experience and resources compared to typical retirement investors.
- The article warns that ordinary investors should be cautious about embracing high-risk strategies in volatile markets, as the advice from wealthy individuals may not be applicable
