Doug Henwood wrote:
>
>
> An odd thing in the FoF stats is that HHs have been relentless
> sellers of directly owned stocks since 1959 - every year except 1975
> and 1976 (the years after the worst bear market since the 1930s). The
> selling stepped up over the late 1990s - $1.8 trillion of it from
> 1996 to 2000
I'm not clear on where the stocks they sell come from -- stocks they already owned in 1959 or bought in 1975-6? And where did they put the money from the sales?
Carrol