mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Those of us still invested in equities must not be "wealthy" since they (the wealthy folks) are all "sitting on their cash". At least they found out about LBYM...who here on this ER forum leaked that nugget to all of those folks?
how-the-rich-save-today.html: Personal Finance News from Yahoo! FinanceExperts who work with the wealthy and observe their spending habits say rich folks are sitting on their cash. Just like the rest of us, they're worried about the future. Suddenly uncomfortable with the nation's financial volatility, the wealthy are revisiting their investment and savings strategies, says Chris Geczy, director of the Wharton Wealth Management Initiative at the Wharton School in Philadelphia.
"They're consuming less and saving more," Geczy says.