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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: Casaubon who wrote (74063)4/5/2001 1:25:15 AM
From: Psycho-Social  Read Replies (1) of 99985
 
Re Long-Term Buy and Hold:
Although there's an issue right now about whether most LTBH investors will hold on, there's also a longer term, demographics-based matter to consider in the years ahead. I've found that the # of 60yr olds is crucial to SM performance. When they get scared out of the Market, most of them never return. We've passed the 30's trough in births (+60yrs) and will eventually have to deal with that huge post-war (45-47) uptrend in births. I project the final Market high in or near 2005.
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