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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (28824)2/8/2002 6:05:39 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
This is something i have anticipated,and is in a post or two of mine.
My point was that the very rich are NOT under pressure to make more money as they already are quite loaded and will pull out of the market faster than we vast unfortunate multitude:)
I,for perhaps the third time,quote a study i read(may even have on my storage thread somewhere,not sure),and that is from 1990 to the year 2000 the cold facts are these--the poor got poorer,the middleclass slightly poorer and the rich got MUCH RICHER.
So,for myself,i would not view this as a contrarian indicator,and their decisions(the very rich) are oft made for them by some very savvy "insiders".