Tuesday, December 14, 2004

The Boom and the Meltdown

Ralph Smith at FedSmith.com has a cheery view of the future. He discusses the idea of a "market meltdown" as baby boomers retire, threatening the whole stock market:

"What happens if this large group of people decides to withdraw billions of dollars from retirement stock accounts and put their money into different investments? And will boomers even be able to retire?

"Some analysts warn investors about a 'market meltdown' as boomers go from making lots of money in their chosen careers, and investing those retirement dollars in stock retirement funds, and begin withdrawing that money and living on interest income and Social Security benefits. " (FedSmith.com)

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