WALL STREET veteran, who is the most dangerous phrase like markets, ' this time is different. " But in a sense, the fundamental "this time is something else." For the first time more than half of all American households earn a paycheck and own shares directly or indirectly though the unit trust/common fund. The workers are investments in the stock market to finance their retirement, college of education of their children and other long-term savings targets. The price of shares will change depending on how investors assess the prospects for profit companies.
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