Let's not forget that the _majority_ (large majority) of "boomers" are just like any other generation -- they don't got no stocks, no bonds, no savings account, and never did nor ever will.
Carrol Doug Henwood wrote: > > 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
