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Non-Tech : Auric Goldfinger's Short List
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To: Mama Bear who wrote (4851)3/12/2000 2:13:00 PM
From: who cares?  Read Replies (2) of 19428
 
MB, I also used to think that the retirement of baby boomers, and the removal of their money from the market might finally unwind this bull. I believe that less and less. Now I wonder if in fact the opposite won't be true and the retirement actually lead to more lunacy. How many of these boomers will suddenly have a lot of extra time on their hand and take to trading stocks on their own instead of letting aunt Janus do it for them. It's already happening with todays retirees, and they in many cases are not computer savvy. It should be a much larger phenomenon when boomers that are more comfortable online retire. I their will be a large enough number to keep things nutty for a long time will start doing it themself. It's also not like they'll just be taking money out of some stocks that their mutual fund holds and putting them in momo stuff, they'll also be taking out of bonds, real estate, sale of business, etc. So the outflow could largely be offset, if not done away with completely.

CMB
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