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Strategies & Market Trends : The Millennium Crash

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To: WTSherman who wrote (5487)7/5/2000 12:26:06 PM
From: Arik T.G.  Read Replies (2) of 5676
 
Post of the month!

Just one thing

>>It won't affect the top 10% very much, but, for everybody else the impact is large.

Those top 10% will have other worries. They own the bigger portfolios and had experienced the greater wealth effect. They will be hardest hit when the market falls. They may have started feeling this in April-May. Boat sales in Florida were weaker then expected this spring.

ATG
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