What does the stock market “crash” today mean for those of us who don’t own stock?

SuzieQ92: What does the stock market “crash” today mean for those of us who don’t own stock?
Will we see effects of this “crash”? Thanks!

Answers and Views:

Answer by Big Bully
Buying opportunity.

Answer by joe s
Nothing.

Answer by Tim P
nope, just a bump in the road, no need to panic

Answer by Akbar B
NOTHING PERIOD. It only affects stockholders and today you should be glad you are not one.

Answer by svikm
It doesn’t affect you AND it doesn’t affect investors. It only affects short-term speculators.

Answer by frugernity
It depends on whether it is a fluke or part of a new trend downward. Stock market declines make wealth evaporate and that does have a domino effect. As individuals and companies see their wealth decline they tend to change their spending habits.

Answer by lizzgeorge
The stock market didn’t crash–it went down 3.3%. Not even a receession, much less a crash. It doesn’t mean anything to non-investors unless the trend continues.

If the stock market seriously dips or goes into recession, companies might start to raise prices in order to raise earnings in an attempt to increase their stock’s value. The Fed will likely lower interest rates in an attempt to spur investment (since inflation will be considered under control). This will beneft consumers as well as businesses. Mortgage and other loan rates will drop (as well as money market/savings rates).

Overall it’s good, though for everyone. The market can’t go up forever without a correction (and it’s been rising steadily for over 5 years). It should continue to rise over the long haul, but it will take periodic dips. No need to panic.