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

To: smolejv@gmx.net who wrote (6296)	7/26/2001 1:01:57 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

>>Point is thou, the cash, that was originally in the J6p's pockets, is now in somebody else's hands.<< That's actually irrelevant to the real point I am trying to make. There is a saying in the US, "don't count your chickens before they are hatched." If the hen has a nest full of eggs, you can't sell the chicks until they hatch. If the nest falls down and the eggs break, no chickens. So what we have in our retirement accounts is nest eggs, not chickens. But everyone imagined they had chickens, and would soon be able to sell them and retire. In the back of everyone's mind was the fact that once all the boomers reach retirement age, everyone would try to sell at once, and then there would be the problem known on the CFZ as "sell to who?" We just got there sooner than some people were expecting.