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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: micdundee2 who wrote (94887)	3/2/2009 6:32:05 PM
From: benwood	1 Recommendation Respond to of 116555

There are an incredible number of people who've ridden this down the whole way, nearly entirely vested in stocks, e.g. my father-in-law who's got to be down 60% or more at this point. Already retired, so his annual pension payout, which already declined in January (reset once a year) and will likely decline significantly again next year. But at some point as pressure continues, people like him will pull the trigger and switch from stocks to a MM fund, possibly en masse.