How long did it take you to learn how to make money properly, in the stock market? Most people don't have that kind of time. They think a reasonable person is doing a reasonable job, with their money. Instead, money is thrown at stocks, because they go up. Furthermore, this behavior is reinforced by ALL forms of media. So, what little chance at some level of education is squandered, and the market movers and shakers pick the pockets of hardworking people.
So what, they can move their money around for free in the 401K. They don't know what they're doing! For the most part, they don't even know what companies are owned in their 401K funds. There really is NO proper risk management for those people. Not by themselves, or for them, by fund managers.
You're right, J6P doesn't cause this kind of decline. That's my point. They're not selling. The smart money is leaving now. J6P causes the kind of decline that let's the "smart money" know it's safe to go back in the water.
I'm not on a rant because I'm losing money: I'm not. I did fine this year, even though I was almost entirely in cash. My point is the masses think they're "saving" money because that's what they've been taught. They know jack about hedging and risk management, and their funds are no better. You see? They think buying microsoft at $700 is saving money, as long as you don't sell until 5 years before you retire, like they've been told. |
