Lots of folks are wondering where the retail investor has gone. There is some instructive “thinking out loud” as to what is going on: Why there is such light volume, why has financial television ratings plummeted, why has America fallen out of love with equities. The short answer is that there is no single answer. It is complex, and not subject to single variable analysis. This annoys pundits who like to reduce complex and nuanced issues to easily digestible sound bites. Television is not particularly good at subtlety, hence these silly single factor bull bear debates. We can easily put together a listicle of the top ... (full story)