this post was submitted on 09 Apr 2025
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[–] CanadaPlus@lemmy.sdf.org 7 points 5 days ago* (last edited 5 days ago)

Wealth is a continuum; there's no actual dividing line, like is commonly thought. But just personally, the posher people I know are less bearish, and it looks like the trend continues once you get even higher. Big fund managers tend to be in the picture. I don't know off the top of my head how much movement is professionals and how much is retail investors.

I feel the need to disclose that I'm personally short on the US, relative to other markets.

Edit: And I should also mention the myth of meritocracy has a wide following, it's just extra favoured by the people who would be implied to have merit by it. And there's the fact that most people came up in a time where this sort of thing never happened, so there's normalcy bias on top of it all.