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In Times Of Crisis…
Ok, so one of the things that most market participants fail to grasp is the extent to which interdependence increases the odds of crises.
I may be constructing a bit of straw man there. I don't have any data to back up the "most market participants" bit. But if you count retail investors in "all market participants" I think it's entirely fair to say that the degree to which interconnectedness amplifies the risk that local shocks become global ("when a butterfly flaps its wings") is underappreci
If you are asking the Baby Boomer generation I believe the answer is a firm and resounding… NO! Unfortunately for them they are likely not going to get hit with a major collapse in the market right during their prime withdrawal years from their 401k’s as they transition from a giant buying force to a giant selling force and the FED stops buying and starts selling. This giant generational game of musical chairs is about to see the music stop.