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:

opium

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

Portfolio gains are.

 

 

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