The contraction in multiples effect of the boomer run has been at hand for several years lc. Many boomers shifted into real estate based assets and lost their ass there as well. The net effect of boomers shifting to "safe" assets, treasuries, cd's, money markets, etc. will provide needed capital to our gov and financial system. Long term investment of relatively cheap capital plus, long term contracting multipes, plus worldwide long term growth equal attractive us based equities long term. I realize your point was directed at the short term headwinds us equity markets face and wanted to expand on long term effects as well. Thank you for your insightful posts.
Thanks. The reason I brought that up is that if we do not see daily volume subside, and that liquidation gets stronger over the week, we may see a quick drop down to the 900 level Wave mentioned. I am, however, less optimistic in terms of the run up after that, due to the much needed cash inflow from yearly boomer contributions are gone.
The "blind spots" have been created purposely by me to filter out the trades/ideas that are less reliable/profitable. This way, there are much fewer variables to have to worry about. It's all well and good to come up with a theory about new lows versus issues, but the real question is "What can be done with it?" My answer is "nothing can be done" when looked at by itself. Where is the entry, stop and exit with this info? That's what is needed. Thus, the theory is singulary useless. --Thank you for the kind comment concerning my trading--
In the Politics and Religion section*. At least that's where 50% of his last 30 posts are... *That forum is also famous for having the most open minds!