@RABEL222,
The stock market is a reflection of our economy and our faith in it. I have faith in the US economy, because that's all we can depend on for our standard of living. Our economy is pretty stable, because our economy is made up of many different products and services. Many countries rely on just a few, and they're at the mercy of high demand for them.
In today's world, the economies of all countries are dependent on the other. That's the reason free trade benefits everybody.
Working and saving for the future is something not everybody learns. That's one of the weakness of public education; they don't teach fiscal management.
Even today, most Americans do not save enough for retirement; the majority depend on social security as their only means of income. The average savings for 60 year olds is about $172,000. Hardly enough to continue living at their current standard of living in retirement - especially in communities with high cost of living such as in Silicon Valley where we live.
We are saved from the fact that I paid off our mortgage in the year I retired. Since then, the cost of housing has mushroomed.