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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.92

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Dec 31 4:00 PM EST

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To: d. alexander who wrote (24590)	12/19/1999 4:18:00 PM
From: j g cordes	Read Replies (1) of 69345

Hi Dorothy.. a little contrary thinking on Bernie (the bull) Schaeffer's comment. He say's "U.S. Trust recently completed a study of boomers aged 35-54 with adjusted gross income over $230,000 or net worth above $3 million. The study found that these well-heeled boomers had just 38 percent of their portfolios invested in domestic equities, and nearly half of their holdings were in cash and in fixed income investments! But it gets worse. Not only have these "high-impact boomers" been grossly underinvested in the greatest bull market of the century, they've also been in the wrong stocks! Since 1993, their anemic stock portfolios have gained just 46 percent, compared to 218 percent for the S&P. With Y2K out of the way, these boomers are going to be taking a longing look at the outsized investment returns from technology stocks in 1999 and piling into aggressive growth mutual funds." I'm not so sure A follows B here. The 230K per year multi-millionaires obviously are independent and successful thinkers/earners already. They're doing pretty well without the market and probably, as a group (read The Millionaire Next Door) aren't easily persuaded to speculate but prefer conservative sure bets.. just what they're already doing. I don't think Schaeffer's right, at least about the people he's counting on to jump into high return funds because they've missed the boat. They already know what boats are most sea worthy and don't care if some move a little faster. Jim

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