"I think that's ... a big catalyst to get a lot of people taking their money out of the bank and going into the stock market."and plays at risk of bankruptcy, suggesting they have higher risk appetites than they did in past economic slowdowns.
"We don't tend to brag about the fact that we lost $15,000 last week or we made a really bad mistake or something went awry," he said. "We all tend to brag about how easy it is to beat the market, and there is a real sample bias in what most people are going to understand goes into that investing.
In some corners of social media, those narratives are spun into the idea that "you are a fool if you don't buy the companies that are losing money," Egan said.
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ETFEdgeCNBC Especially with the news about the $amzn purchase of $ebay this morning...
ETFEdgeCNBC DDTG Global out here exacerbating gains stoolpresidente
ETFEdgeCNBC No