Household Net Worth, Pct of Financial Assets Hits Record in Q2 Driven By Stock Market Surge

``But perhaps most importantly, the percentage of financial assets as a percentage of total, just rose to the record high level it has never in the past surpassed: 70.3%... Every time financial assets hit 70.3% of total, either housing values finally pick up and offset the disproportional increase in financial assets, or there has been a crash in financial asset values themselves. ''