Based on CURRENT conditions -- baloney. Boomers have learned the "new paradigm" and have bought into (literally) the Wall Street propaganda that the only way they'll have a secure retirement is to buy and hold, not matter what.
On the other hand, if there is a catastrophic crash, the psychology indeed could change to stock avoidance. In which case the bear market lasting till 2018 may be optimistic.
Bear Market To Last Until 2018?
in Look Out Below Message Board
Posted
Based on CURRENT conditions -- baloney. Boomers have learned the "new paradigm" and have bought into (literally) the Wall Street propaganda that the only way they'll have a secure retirement is to buy and hold, not matter what.
On the other hand, if there is a catastrophic crash, the psychology indeed could change to stock avoidance. In which case the bear market lasting till 2018 may be optimistic.