In the 1960s and ’70s, the stock market was owned by individuals, meaning not just in mutual funds. They literally owned stocks. Your parents owned stocks, my parents owned stocks. People own ETFs [exchange-traded funds] now, they own baskets of stocks in an index or they own funds in a 401(k). Now there’s a different relationship people have with their holdings, which you could make the case makes them even more disposable in a crisis.