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Subject:  Re: Don't worry about boomers killing the market Date:  8/2/2006  2:40 PM
Author:  billjam Number:  52912 of 88091

Hawkwin wrote..."I am not buying that arguement. I would like to see their specifics (I no longer get the WSJ so I can't verify this).
They may not have individual stocks to sell but they most definately have "assets" to sell; whether that is in a 401K, and 403B, or a pension.
The overwhelming majority of money I manage is in the hands of boomers and folks that are older."

The problem is you're seeing a skewed sample. The survey points out that most of baby boomer assets are held by a small percentage of the baby boomer population. You see the ones with lots of assets, but data on savings shows the great majority have accumulated relatively little. They accumulated quite a bit of debt, though.

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