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Ultra-rich likely to sell during a rout

Study finds people with highest income bailed from stocks disproportionately on worst days of 2008 financial crisis

New York

WHEN the going gets rough, the one per cent start selling.

That's the finding of a new paper that says people with the highest income bailed from stocks disproportionately on the worst days of the financial crisis. The share of selling by the biggest earners rose "sharply