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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (53083)7/19/2001 2:39:43 AM
From: Gersh Avery  Read Replies (2) of 94695
 
Just one more note ..

You may be correct and the market is about to take off.

If it does, it will be relatively short lived. In the grand scale of things, the baby boomers will try to retire on the money in their 401k's. This will be a serious major liquidity drain from the markets.

Tonight was the first time that I heard anything about it on the radio. The half hourly Wall Street Journal report mentioned that fund managers are starting to urge people with 401's to not pull their money out when they retire or relocate to another job.

Take the net sum of money that has gone into these funds. Subtract the overhead (all of the wall street machine). What you have left is the value gain from about ten years ago. Then subtract the money that has gone in and you are left with where the market was ten years ago minus a decade of massive wall street machine overhead.

It may be another two years .. It might be five .. It is possible that it is here at the door right now.
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