> the money has to come from somewhere, no?
Yes. Equity investors. The ones who buy hundreds of billions to trillions of dollars of American stocks a quarter.
And these equity-investors, do they use their own money to buy the (presumably non-voting) stocks?
Cause if that's the case, I see no reason for a government bailout should things go south. Nobody's pension would be affected by some private investor losing money on a bad investment.
But if that's not the case, then someone somewhere along the chain is acting as a bank, subject to a vibe-driven run.
loading story #48365290
If much of the money comes from passive funds, presumably the other stocks in those funds will need to be sold?