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October Issue

It's out & kicking!! Hats off to the Crew for another excellent issue.

Comments

  • edited October 4
    From David, ”And the level of stock ownership is now at a record high; almost 45% of Americans’ net wealth rests in their stock portfolios (Federal Reserve data, 9/28/2025). So the American consumer is propping up the stock market, and the stock market is propping up the economy, and now consumer confidence is cratering.”

    Randall Forsyth makes a similar case in this week’s Barron’s . In effect, Forsyth says it’s the stock market keeping the economy afloat. He sees the impetus continuing for some time even if the markets falter because of the enormous gains the wealthiest have already reaped. And Schwab has a new TV spot in which a couple riding in the back of a limo talking about stocks is interrupted by the limo driver - who turns out also to be an avid trader.:)
  • " a couple riding in the back of a limo talking about stocks is interrupted by the limo driver - who turns out also to be an avid trader."

    "This time is different".

    Right.
  • edited October 4
    "a couple riding in the back of a limo talking about stocks is interrupted by the limo driver -
    who turns out also to be an avid trader."


    Well, to the best of my knowledge, at least shoeshine boys everywhere aren't giving stock tips! ;-)
  • Don't see many shoeshine boys anymore... probably upgraded to limousine drivers.  :)
  • Good thing Joe is not REALLY a shoeshine boy. He doesn't need to worry about the stock market, either.
    "Now go home and get your shinebox."


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