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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1474)	12/19/2000 1:21:50 AM
From: Steve Hegji	Read Replies (2) \| Respond to of 74559

Ron: I'm 47 and am considered to be at the tail end of the baby boom. The largest number of them are 5 to 10 years older. That makes them 52-57. These folks are seeing retirement just down the road - it's definitely NOT long term for them. In fact, their FEAR of being financially unprepared for retirement is what has impelled many of them to enter the market and even to take risky positions. After all, if $10,000 is all you've got in savings (much more than most Americans)you might be inclined to roll the dice and hope for a QUICK x5 or x10 result. But once that psychology exhausts itself the boom it caused cannot be maintained. I believe this bubble started with baby boomer investing but "caught on" with all generations. It remains to be seen how much the pendulum swings.