Profiting from the Wealth Effect
Jan 7th, 2009 | By Wayne Burritt | Category: Featured, Housing, Investing Strategies
Perhaps the biggest reason the stock market is a leading indicator of where the economy is headed is what's called the "wealth effect." It goes something like this…
When our portfolios are headed higher, we usually go out and spend like the dickens. After all, with nice fat investments we feel ...read more
