Capitalists and shareholders fucking love it though, that's why there's a Volatility Index fund you can invest in.
Every one of these little mini-craahes is like a fire sale for the rich. Watch it drop all day again today and then rally fifteen minutes before close.
The rich are far, far more savvy at investing than that. The rich made a fuckton yesterday by selling VIX, writing calls, and generally just doing what people who already own everything do.
This hurts 401(k)s and investments owned by normal people. The rich will be fine.
According to the satanic temple, it's a religious ritual and constitutionally protected for that very reason. So thank you to these christofascists for, in their own myopic and ludicrously incorrect way, giving that argument some weight, I guess.
MAGA: Make America Gulags Again