More than half of American households now have a stake in the stock market. And their portfolios have largely recovered from the ravages of the bear market, a new survey has found.

In other words, most Americans belong to the ownership society. Do not forget that home ownership is also at an all time high. In other words, wealth is being spread around and Americans are learning to diminish risk though diversification.

Not bad, not bad at all. It is certainly not what Marx predicted.