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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (5015)	1/29/2000 1:48:00 AM
From: KyrosL	Read Replies (3) \| Respond to of 42523

Although I am no LT, I'll give your question a shot. I think that the boomer investment wave is greatly exaggerated. Boomers seem to be one of the most profligate generations, as can be seen by the consistently dropping savings rate (currently negative) in the last couple of decades. The 401(k) money flow is, for the most part, replacing conventional pension money flows as companies shy away from conventional pension plans. The current market valuation at 140% of GDP, dwarfs savings flows in the single digits -- based on the most inclusive savings estimates. You need LOTS more money to sustain the current market valuation.