Loading ...Seems to me that is about when they seriously introduced ETF’s to the markets. Why buy all those stocks when you can just buy one ETF that “tracks” whatever sector you are interested in? Easy Peasy!! I gave up years ago trying to make people “see” what that was all about. The banks and brokerages created the ETF’s….and they “track” the value of the underlying shares of the sector they represent …..but they don’t necessarily buy or sell or even invest in the stocks they “track”. IMO they have become the “elephant in the room” of the stock markets of the world. They make it easy for you, the investor, to invest in their ETF, but they use all that ETF investor money to control all the markets. 20 years ago investors began scratching their heads because nothing was making sense any more. Up was down and good news was bad etc.
So IMO what was created was many giant ETF slush funds where investors could easily and quickly buy and sell whatever sector ETF they wanted…..and the “owners” of those ETF’s (Banks, Brokers etc) could then control the price of the underlying shares they “track”. You as the investor have given your money to “them” for them to use your own money against you unless you just happened to be in at the same time they also want the sector to go the direction you want it to go.
What is seen cannot be unseen…..but it is sure difficult to explain…… especially when it is so easy to just buy an ETF….. and nobody wants to believe they have been duped for the past 20 years. Mark Twain said it best: “It’s easier to fool people than to convince them they have been fooled”. All the best from Silverngold!