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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.89+0.3%Dec 3 4:00 PM EST

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To: jmootx who wrote (71380)3/7/2001 3:08:37 AM
From: Psycho-Social  Read Replies (2) of 99985
 
2001 vs the mid-70's:
The demographic patterns are different today, although there are some reasons to worry about coming years. In the mid-70's, the Depression era group was reaching its 40's, and there just weren't enough of them to keep the Market up. The much larger group of WWI era Boomers were hitting 60 at the same time. Additionally, once the negative momentum developed and the Depression era babies saw that they couldn't win in the Market, levels of stock ownership declined as well, aggravating the imbalance.

Based on Harry Dent's charts and my own demographic analysis, I believe this period is comparable to 1963, although I'm not saying we'll follow each twist and turn of that period. I'm just saying we're in the late innings, but have one or two bull markets left before the Baby Boomers start to cash in their chips in a major way, and overwhelm demand for stock from the Vietnam War era babies.
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