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Non-Tech : Invest / LTD

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To: Lucretius who wrote (5805)	12/4/1998 12:31:00 PM
From: heraclitus	Read Replies (2) of 14427

LT, a question/observation: I keep reading that this bull market will continue for quite some time yet because of the baby boomer having to put their retirement money somewhere. Even read a newsletter by Stephen Leeb to this affect. In my area most of the new housing construction is single family units starting at about $189,000. I do not live in a rapidly expanding part of the country. Actually quite the opposite. So assuming most of the boomers are getting large mortgages, wouldn't this tend to limit their available income available for 401k contributions? Is alot of the money being pumped into the market actually credit from second mortgages and even credit cards? Haven't US savings rates actually gone negative? Just curious to your view on this baby boomer argument. thanx homer

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