And the public is apparently heavily in the market according to Doug Noland:
Z1 and the Doves : http://www.prudentbear.com/2013/09/z1-and-doves.html#.UkcFunfwJw8 Excerpt: Meanwhile, since ’08 Household holdings of mutual funds and equities have surged $10.640 TN, or 85%, to $23.191 TN. Pension Fund Entitlements jumped $4.675 TN, or 33%, to $18.737 TN. It’s no longer true that American households have the majority of their wealth in savings and real estate.These days, and much the product of experimental monetary policy, Household perceived wealth is wrapped up in the risk markets.
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