I have always thought this to be true, also. I almost think that the wealthy anticipate crashes and adjust their portfolios to ride each one out. The rest of us are in trouble, though.
They dont just anticipate crashes they cause them. Then they place "bets" (puts, calls), and use the money they gained to buy stocks at a low price. A few multi millionares can do this on a smal scale, a lot of them can do this on the world scale.
Christianity, One woman's lie about an affair that got seriously out of hand
What are the Christians gonna do to me ..... Forgive me, good luck with that.