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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: wanmore who wrote (2157)11/19/1999 12:46:00 AM
From: Mad2  Respond to of 3543
 
Wanmore Then as your wealth accumulates just get a newbie to buy your stocks...or better yet use them as assets to secure a loan.
in many ways this has been a important engine behind our market in that the growth of wealth has been real and is projected to remain that way untill 2006-2010. Around a year ago an article appeared in Barron's discussion population demographics and how it effects income, spending and savings. Bottom line was that our nation is saving more than they are spending and those funds have to go somewhere (of course stocks seem to be quit popular of late).
Thus that newbe or perhaps oldbe doesn't need a loan to buy the stock I sell......we have a constant net flow of new money comming in.
Mad2