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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (1391)	3/15/1999 4:14:00 PM
From: Bill Ounce	Read Replies (3) of 3536

re: The boomers as a group have been tremendously poor savers. >>> So even their current rate of savings will not allow them >>> sufficient funds to just switch yo annuities and clip the >>> coupons. Also a decade plus bull market is making them >>> complacent about returns on equity investments. These two >>> factors could combine to keep them substanially in >>> equities longer than the typical profile as they try to >>> pad out their savings. I'd go a bit further. Their retirement will be semi-retirement. They haven't saved enough to retire and sell their stocks, let alone skim interest bearing investments. A pessimist would say that this would tend to choke off the flow of new money into stocks, which would eventually lead to a decline culminating is a crash with panic selling. An optimist would sat that these sorts of people never really did much investing in the first place, so nothing big will happen if they sell off their pittance portfolios. Reality may be somewhere in between :-)

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