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Politics : Ask Michael Burke
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To: accountclosed who wrote (37445)11/24/1998 11:51:00 AM
From: yard_man  Read Replies (1) of 132070
 
But how big is that as an overall part of the pie? I haven't seen any statistics. Isn't there still a substantial part of financial assets controlled by a relatively few very wealthy entities and individuals. There are also foreign investors which are sensitive to the direction of the exchange rates.

beyond this -- even for the common middle to middle upper class folks -- many have "discretionary" investments separate from their IRA funds which can move in and out very rapidly.

I suspect what you are saying is true about IRA's. Folks make few changes for a hiccup like we had -- but I think that part of the holdings does not represent the majority of stock holdings, right?

If we do retest those lows again -- I think some will get to thinking, at least.
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