Carrol Cox wrote:
Let's remember that very few if any of the subscribers to this list have much in the way of discretionary "investment."
How do you know? A lot of PEN-Lers are professors with retirement accounts that invest in stocks and bonds. Many, maybe most, are in the upper quintile of their national income distribution. Even the righteous "S.artesian" probably has a pension from the railroad. So these aren't just idle theoretical speculations.
Doug
