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Who Sold US Stocks?
Who is Colonel Mustard, in the library, with a candlestick?
This is Jeopardy, you took "Corrections
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I loved playing board games when I was growing up and also with my kids. We still enjoy playing board games when we get together. And I have fond memories of biking over to my grandparents house to watch Jeopardy with them on their color TV, and trying to beat my Nanny to the question (she was not only very good at that game, but played it with a Manhattan, or two, in her!).
Having said that, what I want to know is who is buying? The wealthiest 1% of the US evidently controlled 34% of the wealth of the USA, as of the end of 2023 – and that percentage is growing very rapidly and not expected to decline. If that group are the buyers (after buying really expensive real estate, and other expensive stuff to telegraph their wealth- the rest has to get invested somewhere) I absolutely don’t want to sell to them…I want to hold on to what I have and quietly ride their wave.