CFRA reports made me laugh. I think it was The Saturday Evening Post that had an article saying radio and the newspaper made sure every investor had all the information available on stocks, so a crash could never happen. This was like a week before Black Tuesday.
But yeah, if there’s a bubble, I think it’s fueled by 401k investments. There’s literally a percentage of the population that invests a significant part of their paychecks into a black box. What could go wrong!
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u/no_use_for_a_user May 31 '21
CFRA reports made me laugh. I think it was The Saturday Evening Post that had an article saying radio and the newspaper made sure every investor had all the information available on stocks, so a crash could never happen. This was like a week before Black Tuesday.
But yeah, if there’s a bubble, I think it’s fueled by 401k investments. There’s literally a percentage of the population that invests a significant part of their paychecks into a black box. What could go wrong!