In other words, in the same way there can be mindless 401k panic (triggering runs to MM accts), there can be mindless 401k booms (absurd valuation levels enduring for years, based on blind auto-buying). Even today, way too many people (way, way, wa...
The S&P is 500 of the largest cap. FTSE 100 is it more equivalent to the S&P in the US due to (what I assume to be) a smaller number of listed companies. I assume the CAC and IBEX are closer to the DOW? Thanks as always for the great site Wolf Richter Mar 7, 2022 at 1:...