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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (26075)	12/18/2004 6:35:04 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

It does take a certain willingness to spend some time thinking about how spending propensity by age group and the relative sizes of those age groups translates into aggregate economic behavior. Few years ago, propensity of the baby boomers to invest and the large size of that age group, combined with their awesome buying power, translated into aggregate economic behavior that has, among others, pushed Cisco to a $600B market cap. In fact, the demand for stocks was so insatiable that a stock of recently liquidated Commerce One Inc. advanced $100 dollars in one day after already being up more than tenfold in the previous several months. The concept was that with baby boomers investing for retirement, technology stocks would not go down as long as they were putting their retirement money into the market, which would be at least until 2009 or later.