I Wonder Why
It’s a legitimate question:
The mainstream media seems stunned by the fact that average investors don’t want to participate in the stock market anymore. Honestly, there’s nothing stunning about it. Consider that in the last ten-years, we’ve seen:
- Two of the biggest asset bubbles of all time, both of which resulted in major crashes
- None of the so called regulators even SAW the bubbles or crashes coming
- None of the key issues that caused the Financial Crisis in 2008 have been addressed, instead…
- The Government’s idea of fixing all of this is to ask taxpayers to pick up the tab for every mistake Wall Street has made.
- Wall Street is back to handing out 2007 level bonuses while everyone else in the US is getting SCREWED
Gee… I wonder why someone wouldn’t want to buy stocks right now? You’d think that after having been completely screwed twice in ten years (wiping out 25-50% of their wealth/savings in the process) individual investors would be just tickled pink at the prospect of handing off MORE of their money to the market.
Link from Global Perspectives.
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Well, you got a point there… (understatement)
Comment by David — 3/18/2010 @ 8:12 pm
My guess is, with U6 unemployment at 18% or so, there are probably plenty of people who don’t have money to invest right now, whether they want to or not.
Comment by BMB — 3/18/2010 @ 9:21 pm