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A comment on Minsky moment. Parent comment
A lot of people have been conditioned to "buy and hold"... And the retail brokers have been pushing hard to prevent clients from selling.
My broker (Fidelity) went so far as to change the home page to exclude the very nasty graphs that show huge market declines.
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A lot of people have been conditioned to "buy and hold"... And the retail brokers have been pushing hard to prevent clients from selling.
My broker (Fidelity) went so far as to change the home page to exclude the very nasty graphs that show huge market declines.