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<p>[QUOTE="mikem2000, post: 2216538, member: 30574"]Well, nearly half of all Americans have some exposure to equities, so I think it benefited many more than just the rich. Even the 52% of the folks who choose not to participate, have benefited greatly also. QE and 0 interest rates just didn't raise the equity prices like magic. What it did was make it easier for companies to turn a profit. When their profits increased, the stock price JUSTIFIABLY went up. If profits were not increased, the stock market would not have moved higher. So these companies that were now more profitable were able to lay off much fewer workers, were able to hire more folks, cut less benefits, give raises, buy more "Stuff " from other folks, etc, etc. All of this benefited many folks, who don't own a single share.</p><p><br /></p><p>Also, participation in the stock market is not by invitation only. It is open to everyone. If you have enough money to open a savings account, you have enough to invest in equities. So the 52% of the folks not invested in equities, is strictly their choice.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2216538, member: 30574"]Well, nearly half of all Americans have some exposure to equities, so I think it benefited many more than just the rich. Even the 52% of the folks who choose not to participate, have benefited greatly also. QE and 0 interest rates just didn't raise the equity prices like magic. What it did was make it easier for companies to turn a profit. When their profits increased, the stock price JUSTIFIABLY went up. If profits were not increased, the stock market would not have moved higher. So these companies that were now more profitable were able to lay off much fewer workers, were able to hire more folks, cut less benefits, give raises, buy more "Stuff " from other folks, etc, etc. All of this benefited many folks, who don't own a single share. Also, participation in the stock market is not by invitation only. It is open to everyone. If you have enough money to open a savings account, you have enough to invest in equities. So the 52% of the folks not invested in equities, is strictly their choice.[/QUOTE]
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