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by linuxftw
2135 days ago
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The largest driver of asset inflation in the large caps is 401k's and other retirement/pension plans managed by large entities. I have no choice but to invest my money in my 401k into the stock market or equally risky and lower return corporate bond market. Individuals investing in ETFs doesn't move the needle. Fund managers seem to be part of some cartel, pumping various asset groups at various times. We're just along for the ride. |
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Yep. If covid had put 40 million US white collar people on unemployment instead of hourly folks, the market would have crashed hard as the monthly influx of money dropped and some people started pulling money out early to get by.