Is the stock market a mega Ponzi scheme built on the constant creation
of new equity funds?
When I look at the massive growth of equity funds over the last 15
years I wonder how much of the stock market is pumped up by the
creation of these fund buying stocks to outfit their portfolios.
They say that 70% of the GDP is based on consumer spending. Without
the constant creation of new funds to keep buying stocks, what would
happen to the stock market?
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
