Talk of The Villages Florida - View Single Post - The stock market is off the rails
Thread: The stock market is off the rails
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Old 09-08-2020, 06:39 PM
Paper1 Paper1 is offline
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Quote:
Originally Posted by Stu from NYC View Post
You would call the stock market a ponzi scheme? Sorry no way.

Now if you wanted to call the beginning of social security a ponzi scheme would not argue with you.
Yes I do believe today’s stock market is a “ legal” Ponzi scheme but we share the same opinion of SS. The winners in today’s market are being funded by tomorrow’s losers or future investors if you prefer. That said for the sake of my grandchildren I hope I’m wrong.