Bull Market until the baby boomers retire? Message Board

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Strategies & Market Trends : Bull Market until the baby boomers retire?

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To: DVAN who wrote (15)	8/24/1997 8:51:00 AM
From: Rich Goldsmith	of 18

Can't find the article now, but a VP at John Hancock came out with a bull run for the next 10 to 15 years concept based on the boomer theory. Something along the lines of US Dept of Labor studies show spending peaks at 49, at which point saving for retirement takes over, hence mega bucks flowing into the market. My offshoot on this is INFLATION is really happening! It's just going on in the PE ratios and it's caused by the money flowing into the market and current top management and employee stock compensation options. My current strategy is to not buy anything that is over a certain PE level (35 for small cap, 25 for large cap) and to sell when a stock gets 25% over my set PE comfort level. Not very technical, but simple enough for me to understand (and follow!). I look for the market to go up for the next five years, maybe longer. But at some point the boomers are going to realize that the market is about as worthwhile as SS (screwed again!), at which point we get a BIG downturn as the panic sets in. Anyone buy into this? Or do I need to go to the 'Crash in 2000' thread? Regards, Rich

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