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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (1303)	2/11/1998 10:38:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 1756

49r--Will do. I think this report sums up the market bubble we are in>>American households have more wealth invested in the stock market than at any time in the past 50 years, according to data compiled by the Federal Reserve. Stock investments make up 28 percent of the total wealth of U.S. households - which includes possessions ranging from houses and cars to bank accounts and other assets, The New York Times reported today, citing the Fed's numbers. The figure means that while many Americans are feeling wealthier as their stock portfolios have steadily increased in value during the current bull market, a long-term decline could seriously undercut the financial well-being of many households. The stock investment figure has more that doubled since 1990. The increase comes as stocks have gained 30 percent annually during the last three years, compared with historical stock gains of 8 percent per year. According to the Times, household wealth as of late September 1997 broke down this way: stocks, 28 percent; real estate, 27 percent; small business investments, 14 percent; cash 12 percent; bonds 11 percent; and durable goods, 8 percent. In 1990, stock holdings accounted for 12 percent of household wealth while 33 percent was tied up in real estate and 17 percent in cash. The other figures were approximately the same. The Times also reported that Americans are spending more of the extra money from stock portfolios and saving less: The rate of saving fell to 3.8 percent of disposable income last year, the lowest level in 58 years. What is saved is less likely to be placed into relatively conservative investments like real estate and more likely to be put in the stock market.