Quote:
Originally Posted by PaceAdvantage
think about all the money it took to move the market up and down like that in one day
then ask yourself...whose money was that?
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It's almost certain that this money really and truly is yours, mine and millions of other investors with savings accounts, IRA and 401(k) assets and individual investors, etc.
The top six US investment companies alone hold about
$35.5 trillion in assets.
BlackRock $9.5 Trillion
Schwab $7.6 T
Vanguard $7.2 T
Fidelity $4.2 T
State Street $3.9 T
JP Morgan/Chase $3.0T
Plus, there are life insurance and P & C insurance companies, Federal, state and local government pension funds, private union pension funds such as teacher's unions and "blue" collar pension funds.
Then, there are large financial companies of all stripes that invest and manage mostly in the bonds and other fixed income arenas. The bond and fixed income market is even larger than the stock markets, in the USA and around the world. By a lot.
Simply put, pace advantage, the "market" is gi-normous to say the least.
