Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Stock Farmer who wrote (17623)	3/30/2002 3:50:38 PM
From: sandiegobear	Read Replies (2) of 74559

John, I agree completely with your assessment. I myself am in the oldest boomer cohort and have just recently retired. From my own observation of people my age that I know personally and from anecdotal information from friends and relatives ( which seems fairly reliable ) I think that 55 year olds are dropping out at alarming rates that have yet to be generally recognized. Some, like me, are relatively secure and others have been "downsized" and discouraged but I don't think many of are going to put fresh money into this market - ever. I will not hold anything overnight anymore, at least for the short term and even if things seem to improve in terms of valuation and safety, I can't see having more than 20% of my net worth in equities. As for the less fortunate 55ers, they seem to be spending down their savings and I can't imagine that there won't be a crisis among that group. Sorry for being so negative but I just can"t see it any other way.

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