You're still wrong with respect to individual stocks.<quoted text>
If you weren't such a lying as shole, you would admit I said the vast majority of stock owned by the middle class is in 401k type programs.
Most 401(k) assets are in mutual funds. Most individual stock holdings by the middle class are outside retirement plans.
Anybody who has the "vast majority" of their savings in retirement plans lacks the proper balance in their investment program.