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To: Victor Lazlo who wrote (61544)10/1/2002 8:45:37 PM
From: RetiredNow  Read Replies (2) | Respond to of 77399
 
Great point, Victor. That's exactly what I was getting at. Many people think there is this imminent event where Baby Boomers will start to pull massive amounts of money out of stocks in order to retire. But I think that this crash has delayed that event by 5 years minimum and more likely closer to 10 years. Now if you take Dent's thesis that Boomers would start to retire en masse by 2008 based on population aging profiles, then my addendum to his theory is that this bubble burst has delayed that year to 2013 to 2018, or thereabouts.

That means that the shift of all those dollars out of equities will occur over a more prolonged period of time and be more gradual. We may not even notice it, except has a period of maybe 10 years where equities only return mid to high single digits.