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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (49031)2/24/2006 10:12:40 AM
From: John VosillaRespond to of 306849
 
"The median value of financial assets fell 22.8 percent to $23,000. Meanwhile, the median value of non-financial assets rose 22.2 percent to $172,900."

Yeah Joe6pack, if he lives in a bubble market, has been feeling good of late. What I still don't get is how the very rich, who have most of their net worth in financial assets, could be feeling much better today than in 1999? Perhaps the move up in their long term bond portfolio has masked weakness in stocks?


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