This week's survey of investor sentiment by the American Association of Individual Investors (AAII) showed that investors are now at their most bearish levels in the history of the survey. As shown, 70.27% of respondents to the weekly survey (which didn't include today's 4% decline) are currently in the bearish camp.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Thursday, March 05, 2009
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