Originally Posted By: Wolf359
Originally Posted By: Mr Nice
Americans don't have money to buy stocks ???
They sure have money to buy fancy cellphones, fancy clothes and jewelry, drive fancy cars, cable TV with 250 channels, kids wearing expensive sneakers, going out to eat at restaurants, Starbucks on a regular basis, vacations, .....etc.....
Did you read the article? They may just be gun shy due to the 2009 crash. It's down but heading up again. Plus maybe they spent the money instead of investing it in the market.
The money they spent helped to push up the share value of those companies. So I say keep on shopping.
Originally Posted By: Mr Nice
Americans don't have money to buy stocks ???

They sure have money to buy fancy cellphones, fancy clothes and jewelry, drive fancy cars, cable TV with 250 channels, kids wearing expensive sneakers, going out to eat at restaurants, Starbucks on a regular basis, vacations, .....etc.....
Did you read the article? They may just be gun shy due to the 2009 crash. It's down but heading up again. Plus maybe they spent the money instead of investing it in the market.
The money they spent helped to push up the share value of those companies. So I say keep on shopping.