If a recession was started because someone else is taking your retirement fonds and putting them in companies overvaluated to move money from retirement fonds to random other people, and this is closer to gambling than investment, regulators should step in.
> someone else is taking your retirement fond
> and putting them in companies overvaluated
> to move money from retirement fonds to random other people,
> and this is closer to gambling than investment
1) "I vaguely disapprove of this framing for reasons I choose not to explain?" Or do you mean,
2) "Each step violates any reasonable duty, and wouldn't be taken in a world that punished people for taking wild risks with the money of retirees, or in a world that expected the "risk" that people took when investing in stocks to actually be "risky" instead of ultimately backstopped by the taxpayers?"
I suspect 1.
If they blindly invest in random companies even with P/Es in 3 digits, thats overvaluated.
The move happens because your retirement is getting less in a crash, but that money was moved around because you bought shares and someone else sold them.
What will be the margin? if its a healthy one, its not gambling its investment. If its good, it becomes gambling.