5 reasons American workers could care less about the Dow record

8bddmf 5 reasons American workers could care less about the Dow record

8bddmf 5 reasons American workers could care less about the Dow record

WASHINGTON (AP) — The Dow roared to a record Tuesday. Yet the market’s run-up feels worlds away from the lives of many Americans.Wages have only recently started to recover after months of declines that stretched family budgets thin. Unemployment is stuck near 8 percent, high enough that most Americans still know people who are out of work. Signs of a housing recovery have boosted stocks, yet millions of people face foreclosure.Here are five reasons why many Americans don’t share Wall Street’s cork-popping mood:___Fewer people have money invested in the stock market, so many missed out on the rally.Americans sold more stocks than they bought for a fifth straight year in 2012, despite unprecedented efforts by the Federal Reserve to juice the market and encourage investment. Americans have sold hundreds of billions of dollars’ worth of stock — the first time on record that’s happened during a sustained bull market. The market rise has been powered by companies buying their own stock.The flight from stock markets has coincided with a series of confidence-rattling stumbles: last year’s botched initial public offerings by Facebook and BATS Global Markets; the 2010 flash crash that sent the Dow plunging 600 points in five minutes; unprecedented volatility related to European and U.S. fiscal policy debates.Continue Reading…

Link: 

5 reasons American workers could care less about the Dow record

Leave a Reply

Post Navigation

%d bloggers like this:
Donate Bitcoins: 14VqDxDzkhvktP5Q5ejnL4xJHARwbTpfDY
Buy VPN