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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: David S. who wrote (59669)9/4/2002 6:55:22 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
baby boomers sent this market into orbit by trying to save for retirement.

In order to protect that retirement, they could well send the DOW sub 1000.

Then, if that doesn't send it sub 1000, the boomers will get a second chance to do it by actually trying to use their retirement accounts to live on. In that case, there will be a constant drain on the market that will last for decades.

I think that both will happen.

How's that for bearish?



To: David S. who wrote (59669)9/4/2002 7:07:43 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
#reply-17950405



To: David S. who wrote (59669)9/4/2002 7:42:01 AM
From: GROUND ZERO™  Respond to of 94695
 
People can say what they like, everyone has an opinion, sometimes two or three of them, sometimes more.....

GZ



To: David S. who wrote (59669)9/4/2002 7:45:39 AM
From: GROUND ZERO™  Respond to of 94695
 
How many threads are you spamming this post? You're long and you're losing your ass, is that it?

Message 17950235

GZ



To: David S. who wrote (59669)9/4/2002 10:23:40 PM
From: Gary105  Respond to of 94695
 
Unfilled gap that developed the last time we attacked Iraq.....gap between 2525 and 2575 in Jan 1991.

Baby boomer issue will be longer term for market. Shorter term (Q4) will be earnings hits that will be taken by companies that have company funded pension plans. Many of these plans assumed returns this year in the 5 - 8% range. Companies invest assets in mix of stock and bonds (my guess is at least 50% stocks). In the past companies recorded gains because returns exceeded targets. If market does not recover, this year companies will take charges to fund the difference between target and actual returns.