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Do you think the age of the baby boomers is affecting the market and causing the current decline?

In the late 1980's through 2000 the baby boomer's were in their prime working age (saving & investing) and the market soared. Could it be that now that they are older, they are moving their money out of stocks which is the real reason for the current market decline?

Asked By: Inquiring Mind - 3/11/2009
Best Answer - Chosen by Asker
This was Harvard Economist's Harry Dent's view in the book "The Great Boom Ahead... More
Answered By: Net Advisor - 3/11/2009
Additional Answers (1)
Interesting thought. It's not the cause (people gambling on bad mortgages are), but I guess it could affect it. Most only take out the minimum distributions though, and the rest stays in there, while younger people are getting in which should offset the withdrawals... More
Answered By: ryssee - 3/11/2009
 
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