oh oh chauncey....they may have figured it out!

[ProblemAgain]

so if the middle class and other investors are the actual force behind the creation of jobs, then trickledown was always a sham like playing cards with 'ace' and perhaps the real job creators are the middle class who invest in the market and buy the goods produced...what a concept!

AP IMPACT: Ordinary folks losing faith in stocks

By By BERNARD CONDON | Associated Press – 3 hrs ago

• Enlarge Photo

  In this Sept. 12, 2012, photo, …

NEW YORK (AP) — Andrew Neitlich is the last person you'd expect to be rattled by the stock market.

He once worked as a financial analyst picking stocks for a mutual fund. He has huddled with dozens of CEOs in his current career as an executive coach. During the dot-com crash 12 years ago, he kept his wits and did not sell.

But he's selling now.

"You have to trust your government. You have to trust other governments. You have to trust Wall Street," says Neitlich, 47. "And I don't trust any of these."

Defying decades of investment history, ordinary Americans are selling stocks for a fifth year in a row. The selling has not let up despite unprecedented measures by the Federal Reserve to persuade people to buy and the come-hither allure of a levitating market. Stock prices have doubled from March 2009, their low point during the Great Recession.

It's the first time ordinary folks have sold during a sustained bull market since relevant records were first kept during World War II, an examination by The Associated Press has found. The AP analyzed money flowing into and out of stock funds of all kinds, including relatively new exchange-traded funds, which investors like because of their low fees.

"People don't trust the market anymore," says financial historian Charles Geisst of Manhattan College. He says a "crisis of confidence" similar to one after the Crash of 1929 will keep people away from stocks for a generation or more.

The implications for the economy and living standards are unclear but potentially big. If the pullback continues, some experts say, it could lead to lower spending by companies, slower U.S. economic growth and perhaps lower gains for those who remain in the market.

http://news.yahoo.com/ap-impact-ordinary-folks-losing-faith-stocks-...