Comments by "ke6gwf - Ben Blackburn" (@ke6gwf) on "Jim Cramer on the Fed's historic policy shift: Fed chair Jerome Powell is on the side of the bulls" video.

  1.  @Occoms_Phazor  that's 7 years ago, since then zero commission online trading became a thing. Secondly, a lot of the large positions in stocks that you just mentioned are tied into funds, which give benefits to lots of little people via 401k plans etc. Some people are filthy rich (Jeff Bezos etc) others have most of their value invested into their companies, helping give value to others (Buffet, Musk, etc)
    2
  2. The idea that it's the top 1% who care about stocks is no longer accurate. Thanks to e trading, zero commission trading, and sites and apps geared towards the retail investor, now lots of poor people like me are active in the stock market, to the point that we are diluting the big hedge funds power, and confusing analysts because we don't do things according to the normal rules lol (see Tesla as an example) So right now, especially with a lot of people out of work, there is even more focus on stocks, because that's how some people are paying the bills now. In addition, it effects all of our 401ks, insurance rates, mortgages, rents, and everything else.
    1