The stock market has the potential to make poor fools out of the average American worker.
QCOM is still not a cheap stock. $60 billion market cap with $10 billion in sales. Depending on profits and the general market, this could be a $15-$20 stock.
401K’s are biased towards bull markets. Millions may end up with very little to retire on as a result of what could turn out to be the largest scam ever dealt to the general public, a larger scam than the housing bubble.
Stocks are basically a Ponzi scheme. You CAN make a lot of money if/when you are right. The average worker who has money taken out of every paycheck and thinks that it a secure path to retirement better have their fingers and toes crossed and hope that their prayers come true.
Money in the stock market isn’t investing, it’s speculating/gambling.
