The good news is the boomers won't tank the stock market

Discussion in 'Economics' started by Eliot Hosewater, Aug 4, 2006.

  1. Got this from the Yahoo Finance page:


    Boomers won't sink stocks

    Don't listen to the doomsayers, says Robert Powell in The stock market won't crash as 77 million baby boomers retire over the next few decades and sell off their holdings. Pessimists say everyone will sell en masse, creating "an insidious bear market" and sending us all into "soup lines." But a recent report by the Government Accountability Office says most boomers "don't have any assets to sell." And those who do are more likely to "spend down their money slowly," as retirees do now.
  2. TGregg


    Crap, that means we're gonna start the bear tomorrow. ;)
  3. hehehe.
  4. I like the "don't listen to the doomsayers" comment the best...

    This person and the GAO are examples of why money generating opportunities exist in our "efficient" economy.

  5. hans37


    Yeah but these are the same morons who claim ss is sound and a "good investment".