Record highs on Wall Street seemed to have quelled outrage.

Record highs on Wall Street seemed to have quelled outrage.

Immediately following the 2008 financial market crash, there was outrage. Americans were angry that instead of punishing banks for wrecking the economy, the federal government gave them more money – money that was used to pay executives unprecedented bonuses. Main street protested and called for better regulation and the Occupy Wall Street movement was formed. But now all of the fury and outrage seems to have subsided. Why? Just take a look at the stock ticker. 

Record highs on the Dow Jones Industrial Average, S&P 500 and Nasdaq seemed to have silenced the folks who were once calling for the dissolution of the major banks. Does this mean that all is well and good? Absolutely not, according to Yahoo! Finance market analyst Lauren Lyster. In a video on the website she pointed out average Americans are not the people benefiting from from a Wall Street rally. 

"The sector that cares about all-time highs I don't think is the same sector that cares about whether or not JP Morgan settles," Lyster stated. "Participation by retail investors and average people in the markets is not what's driving these all-time highs."

She noted that individuals who once would have been interested in investing are now keeping their cash under a proverbial mattress, wary to put it anywhere that is unregulated. In addition, according to the Gallup Economic Confidence Index, consumer trust in the stock market has been falling steadily since June, and recently reached a low for the year. 

So, as an individual investor, you may be wondering who is looking out for you. With portfolio protection services from SmartStops, you can be sure that your hard-earned money will stay safe.

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