Quite an odd post. First if the Dow hits 5,000, the wealth is lost, not given to someone else. Second, do you believe in redistribution of wealth? Not a very capitalistic outlook.
We'll see about that.
Second, do you believe in redistribution of wealth? Not a very capitalistic outlook.
Its perfectly capitalistic. The Feds have herded the sheeple into equities with artificial incentives such as the tax breaks provided by 401k's, by printing money like there is no tommorrow, and "socializing" the risk of monsters like Fannie and JPM. What a perfect receipe for malinvestment. These people deserve to lose their shirts. Naturally, they will cry for more "protection" from the big bad world and the Feds will be happy to "help".