I think people in the stock market are just playing a zero-sum game (at least, in the short run). For those who earn in the stock market (in terms of real income) must gain from the loss of those playing the opposite move with them. For example, those win from buying a share means those seller would loss by the same amount (in terms of real income). Therefore, I dared not to by shares to compete with so many rich people (except for the xxx MPF...). I believe this would be the case, especially those "investing" in shares are of short run. |