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View Diary: Pray for Doomsday (124 comments)

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  •  the money from a stock market sell of doesn't just (0+ / 0-)

    disappear. It goes somewhere. Those that sell early get most the of the value... aka the rich.

    •  There is money to be made in every sell off... (0+ / 0-)

      true, and there are some astute, nimble investors who welcome recessions and crashes.  But this is really about distribution among skittish rich people, on the one hand, and opportunistic rich people, on the other hand.  Most rich people are buy-and-hold; they don't want to see a sell-off.

      The security holdings of the bottom 95%--99% are a pretty small part of the pie regardless how large the pie is.  Put another way: if you are not wealthy, by definition, you don't own a significant amount of stocks.

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