Mom and Pop investors call it quits

posted by
March 5, 2012
by Mike Whitney  
Posted in Commentary

"Ordinary working people, who used to dabble in the market to augment their shitty wages, have thrown in the towel. They got burned in the swindle and then reamed again in 2008 when the housing bubble burst. So, now they’ve packed up what’s left of their savings and dumped them into low-yielding bond funds hoping that rich Uncle Harry leaves them a few shekels when he dies so they can scrape by when they retire." (03/05/12)  

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