Replies to post #31789 on Zeev's Turnips Patch-No Politics (ZEEV)

[marginnayan]

To all the people who are shocked at the fraud and scandal in the corporate, brokerage, Wall street, analyst, whatever, world, all I can say is that this is nothing new and just part of the cycle.

In the current boom bust cycle, the percentage of household participation in equity market is close to 40-45 %. Although I do not know the exact figures for previous boom bust cycles, I think the stock participation by households has never been so high in the history of investment world. So this time the damage to people's retirement funds is more intense and severe as compared to previous boom bust cycles.