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B4 The Bell Moonday August 30


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Guest bullseatshitndie

some major masking going on. naz -1.3%, dow -.3%. give me an effing break

 

$ADV NYSE Advancing Issues 1031.00

$DECL NYSE Declining Issues 1884.00

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Republican David Dreier just declared:

 

Nearly 60% of the American public fall into the "investor class" and this includes the majority of the middle class.

 

Huh?

This may refer to 401Ks and the like (defined benefit pensions are basically

a thing odf the past).

 

Re: returning to pre-social insurance environments: we cannot replicate

the pre-1930's world. We are not going back to an old world.

Were going into a new world.

 

For one thing, the distribution of the population is much

less rural (alters food availability), families are less cohesive

(fewer nuclear let alone extended families),

and little savings in aggregate (people saved ).

Also, Walmarts were not around in the past,

driving out small town/rural business.

People could be poor, but survive.

 

Key: in the past, multiple potential sources of safety nets.

Today: paper goodies

 

IMHO, no one can know what a new world will bring,

but to think one can "go back" given radical change is irrational.

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