Have the Record Number of Investors in the Stock Market Lost Their Minds?

his past weekend, I drove out to Bethpage State Park, the public golf mecca on Long Island that Robert Moses built during the Great Depression. The park, which has five courses, recently reopened with new safety rules: no carts, no clubhouse amenities, and payments processed in advance by phone. Among the three players I got teamed up with was a local retiree who had returned from Florida just in time for the lockdown. As we social-distanced our way around the Red course, I asked how he was filling his time. ….[READ]