I read somewhere that the top 10% own over 85% of stocks. These are ppl less likely to be affected by inflation / rising interest rates / slower economic growth etc. etc. because they actually have money to invest & aren't heavily dependant on stimulus checks / income from a job etc.
Given the wealth gap only widens & a larger proportion of stocks are owned by truly wealthy ppl, shouldn't crashes be seen less & less often, and crash to a smaller magnitude? If anything, it should become...
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Given the wealth gap only widens & a larger proportion of stocks are owned by truly wealthy ppl, shouldn't crashes be seen less & less often, and crash to a smaller magnitude? If anything, it should become...
Read more
from Why do ppl think the market will crash >60%?
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