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@davidmoran- No problem on that- I just experimented with one of my OT posts: All you need to do is use "edit" to change the category to "Other Investing" and bingo- your post is moved over to the other side of the tracks where the better folks live.
Just read the NYT article- very informative, and certainly answers a lot of questions. I really hate to say this, but I'm thinking that McConnell is actually correct in suggesting that a whole lot of the stimulus actually went to areas that weren't really the most needy. Any new program should be focused on reaching those at the very bottom of the income ranges.
I think an increase in individual investors was also a factor. Betting on stocks when sports weren’t available. - WSJ article, open for some reason
“ 2020 will be known as the year that individual investors dove into financial markets and doubled down, ....Driving the interest was a combination of factors that started with an industrywide shift to commission-free trading in 2019 but swelled as market volatility grew. As the coronavirus rolled across the U.S., millions of new investors found themselves stuck at home, some with extra time on their hands to learn about the markets. Others, unable to bet on sports or visit casinos, found the stock market’s outsize swings presented the perfect outlet to make bets.”
And as posted earlier this week: Market Edges Toward Euphoria, Despite Pandemic’s Toll https://www.nytimes.com/2020/12/26/business/investors-bull-market-pandemic.html?referringSource=articleShare “ The appetite of individual investors has been an unexpected byproduct of the pandemic. For many, trading stocks started as a way to indulge their speculative itch when other avenues, such as sports gambling, were effectively shuttered.”
Comments
it is just that this may be as good as is feasible with these guys
off topic, don't I want to stay on the slum side of town?
“ 2020 will be known as the year that individual investors dove into financial markets and doubled down, ....Driving the interest was a combination of factors that started with an industrywide shift to commission-free trading in 2019 but swelled as market volatility grew. As the coronavirus rolled across the U.S., millions of new investors found themselves stuck at home, some with extra time on their hands to learn about the markets. Others, unable to bet on sports or visit casinos, found the stock market’s outsize swings presented the perfect outlet to make bets.”
And as posted earlier this week: Market Edges Toward Euphoria, Despite Pandemic’s Toll
https://www.nytimes.com/2020/12/26/business/investors-bull-market-pandemic.html?referringSource=articleShare
“ The appetite of individual investors has been an unexpected byproduct of the pandemic. For many, trading stocks started as a way to indulge their speculative itch when other avenues, such as sports gambling, were effectively shuttered.”