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AgerolanAmerican

(1,000 posts)
4. the market represents the wealth of the 1%
Mon Mar 21, 2016, 08:15 AM
Mar 2016

The vast majority of the stock market is owned by a tiny handful of individuals. When it goes up and down the fortunes of that tiny group are far more affected than that of everyone else, even factoring in things like 401ks and mutual funds.

Rooting for the market to go up is essentially rooting for the 1% to become wealthier relative to the rest of us than they already are.

And that is part of the reason why many expect a crash. The other part is, after the extreme levels of fraud and manipulation that have come to characterize the financial system, a crash would provide an actual reality check and expose truths long hidden about the real state of affairs in this country.

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I still think that... RepubliCON-Watch Mar 2016 #1
I don't think you understand what a "junk bond" is Recursion Mar 2016 #3
People here are constantly jonesing for a crash. SheilaT Mar 2016 #2
the market represents the wealth of the 1% AgerolanAmerican Mar 2016 #4
So the tens of millions of us whatthehey Mar 2016 #5
Well, that's exactly it AgerolanAmerican Mar 2016 #7
Unless of course melm00se Mar 2016 #6
While the 1% owns a large percentage of that money, SheilaT Mar 2016 #9
Seriously? AgerolanAmerican Mar 2016 #13
It certainly feels that way. SheilaT Mar 2016 #14
That's probably part of it, yeah Orrex Mar 2016 #10
A serious stock market crash SheilaT Mar 2016 #11
Good points, all Orrex Mar 2016 #12
I'm still approx $25,000 less than where I was at last June. B Calm Mar 2016 #8
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