This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Signs Occupy Wall Street Is Right

NEW YORK ( MainStreet) -- The Occupy Wall Street protesters were first ignored by the media then maligned by certain outlets, but more recently a slew of reports and surveys have come out showing the movement may be on to something after all.

Occupy Wall Street: News Feed >>
The latest news, photos and videos from the 'Occupy Wall Street' protests.


As difficult as it may be to nail down exactly what the protesters stand for, much of their attention is devoted to the growing indebtedness of average households, along with the growing gap between the wealthy and the poor and ultimately the concern that the wealthy are exerting too much control over the political process. Several studies released this week alone have offered further evidence that these two problems are getting worse and, perhaps more importantly, that a large portion of the population is concerned about these issues.
The protesters on Occupy Wall Street may be on to something. Studies released this week show plenty of support for the cause.

Growing income inequality
Few reports in recent memory packed quite as much of a bang in so few words as the one earlier this week from the Congressional Budget Office.

The report shows that between 1979-2007, the super-rich - those in the top 1% of wage earners - saw their after-tax incomes nearly triple while those in the bottom 20% saw their wages remain relatively flat during that nearly 30-year period. If that wasn't infuriating enough, the CBO's report showed that the top 20% of wage earners saw their share of the nation's overall income increase by 10 percentage points during that period while the other 80% saw their share decline by two or three percentage points.

In just a few paragraphs, the CBO showed definitively that the rich are getting richer at the expense of everyone else.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.33 -0.85%
FB $94.37 -0.88%
GOOG $627.74 -0.77%
TSLA $266.25 -0.20%
YHOO $36.90 -1.40%

Markets

Chart of I:DJI
DOW 17,692.13 -53.85 -0.30%
S&P 500 2,107.66 -0.97 -0.05%
NASDAQ 5,136.9670 +8.1820 0.16%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs