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Pastimes : Ask Mohan about the Market

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To: Bilow who wrote (9674)	11/28/1997 11:19:00 AM
From: Jack Clarke	Read Replies (3) of 18056

Carl: Yes, there is some basic fallacy in the statement: "Everyone will be wealthy." Probably a contradiction in terms, since by definition only a small part of the population will have the wherewithal to buy the services of the less fortunate. Yet all the baby boomers visualize themselves slowly selling off their stocks and living a life of leisure. To whom will they sell? Especially in a declining or stable population. Jack

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