SPDR S&P 500 (SPY)

[LeaveTheWorldBehind]

This is nuts...I agree with you recent post. The reason many corporate companies are having good earnings are because they are letting go of all their employees and hiring young college grads for half the price and making them work twice the hours.

I have a question though.

What happens when unemployment rises and more people default on their homes? When I think of people getting laid off, I think of older people who have families, car payments, mortgage payments. Not young Adults who rent an apartment and have no debt. These young adults do not drive our economy, the middle aged adults do. How will the markets reflect this?

This is all just an observation, I could be over thinking it?