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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Elroy who wrote (18706)2/5/2017 1:30:49 AM
From: John Pitera1 Recommendation

Recommended By
roguedolphin

   of 33421
 
Hi Elroy,

you are spot on

with these observations

My hunch is the rise of discount brokers in the 1970's and then online brokerage in the dotcom bubble pushed loads of individuals directly into the market. Then, loads of them got burned in the two debacles (dotcom in '00 and housing in '08), and so we're probably now at a fairly stable number for percent directly invested in the market.

I doubt the amount of cash held by individuals/families that are not directly invested in the stock market isn't too much. Just my guess. Even if a million new investors join, they probably bring an insignificant amount of money per family to move the market around much. That's my guess.


In the 1980's and in the 1990's you had a smaller % of the american population that was living paycheck to paycheck.... say the bottom 30 % has been consistent, but the 40 - 50% above the bottom 30% at the bottom are not as financially as well off as the the 1980's and 1990's. and that situation did not really deteriorate until the GFC in 2008-2009..

that is what I have both been told by actuaries and is also in line with the fairly voluminous anecdotal work done by about 8 people I know and respect..... As we know the very top 1 to 3% are doing better than anytime since the robber barrons days of the 1870's into the 1920's..... when the wealthy needed to wize up with the creation of foundations, trusts, offshore asset deployments and other tax effectiveness planning.

John
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