demographics are the primary force underlying long term trends.>>>>>
psysocmarper, the one thing i see about this demographics thing, is that it may have already been priced into the market, with harry dent's book, dow 100,000, dow 36000, on the best seller list, this is well known that boomers are saving for retirement, i even see people quote here refering to pages from dent's book like it's some kind of bible-g-
this thinking has people having extreme percentage of debt and an extreme amount in stocks.
at market bottoms people are afraid of stocks, there was a lot of fear an trepidation about stocks in the early 90's, when they were cheap and u could buy intel for single digit p/e, now there is more fear that u will be left out on the next rally, now that tech stocks are selling at astrononic p/e's.
on nbr last nite the bridge news dude showed a chart of household debt as a percent of disposable income,
it had one of those he/she five wave counts on it from the bear market of 1974, when it does roll over, i spect most people will be more driven to pay off debt, than buy ntap or yhoo -g- |
