Subject: Re: OT-Fed/Politics & Markets
There seems to be few other ready reasonable options imo for most every day Americans. Back in the ‘60s and ‘70s, I sensed people were more anxious and suspicious of the equity markets, but now it seems a majority of employed folks in their 20’s and beyond are invested and seem to have a sense of comfort it seems.

I wonder if the equity risk premium has changed because of this? People are more comfortable with stocks so perhaps they are willing to accept higher multiples.