On Aug 4, 2006, at 12:25 PM, Jim Devine wrote:
Boomers won't create bears Generation's retirement won't sap financial markets: study
Weird. One of the standard explanations for the bull market of the 90s was that boomers were saving for retirement, and below the elite level. And now we learn that they really weren't? Who said anything about "a sharp and sudden decline in the stock and bond markets"? Why not just sustained downward pressure for a few decades - a drag that could be countered by cyclical stimuli. I know that Joan Robinson said that cet. is rarely par., but still... And boomers are way underweighted in bonds. There could be an allocation shift away from stocks & real estate towards fixed-income. Doug
