Quote:
Originally Posted by Republicaninmass
No love for Oil and REITs? Most still down close to 70%
Yes the 1% certainly has profited quite a bit. Mom and pop with their shops closed and a conservative 401k certainly "have not"
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I think much of the 1% hasn't profited at all. If you were in a basic asset allocation you are down.
In the two areas you mention there are steep losses but someone will step in and buy and if there is just a minor retracement they can make huge gains.
There will be some hedge funds that went out of business from the decline and there will be some that have incredible gains.