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|Subject: Re: Don't worry about boomers killing the market||Date: 8/1/2006 4:26 PM|
|Author: StockGoddess||Number: 52892 of 74759|
From today's Wall Street Journal: According to a study by the Government Accounting Office we don't have to worry about the boomers selling all their stock and killing the market. "This is because the "large majority" of boomers have few financial assets to sell, according to the study."
<a rabbit bounces in...>
Silly Boomers. Stocks are for kids!
Well, that's a relief. Now we just have to figure out how to keep them from starving to death.
"What? Have we no poorhouses to put them in?" <A Christmas Carol>
WallyWorld is going to have to fork over $7.25/hour now, thanks to Congress....that should help some. My mom is 70 - she's doing great, but many of her contemporaries are *still working*. Retirement just won't be an option for these folks, period.
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