Last Updated:
First Published:
As reflected in the stock market’s three-year bull run, Americans appear to be broadly optimistic, even as
polls suggest otherwise.
This has gone some way in fueling the postwar economic boom. Notwithstanding the occasional recession, financial crisis and market correction — by the dozen — along the way, the market has, for the most part, proven a trustworthy long-term bet for investors and retirees. Even a global pandemic, during which more than 1 million Americans died, proved to be a mere blip for stocks. And yet the warnings keep coming about the specter of 1929, a time before the Securities and Exchange Commission and Federal Deposit Insurance Corp. existed.
This post was originally published on Market Watch
