Broker and financial adviser Jim Lacamp has been in the business long enough to remember when Americans had little stake and even less interest in the stock market.
It was a time when "people had a pension and profit-sharing plan that was run by [their] company," says Lacamp, senior vice president at Fort Worth, Texas-based Macro Portfolio Advisors. "They might see what a stock did on the news, but it didn't really have an impact on their daily lives."