The Opiate of the Masses

Go out on the street and try to find five people who give a shit about whether or not JPMorgan settles with the government this week or next. Try and find someone who’s got a 401(k) full of stock mutual funds who needs an SAC admission of guilt in order to “have their confidence restored.”

Are you kidding me?

Here’s a screengrab from the homepage of Yahoo Finance right now:


Karl Marx had it wrong when he said that religion was the opiate of the masses.

Portfolio gains are.



Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.